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Texas  + Retail  | 

Colliers Arranges Sale of Sugar Land Retail

Colliers International arranged the sale of Colony Place, a 14,050-square-foot shopping center located at 4403-4411 Hwy. 6 in Sugar Land.

Although deal terms weren’t disclosed, Colliers noted that Houston’s retail investment sale transactions averaged $185 per square foot in the second quarter, a 3.8% increase over the prior period. Retail strip centers achieved a higher average of $213 per square foot in Q2, a 2.8% increase over the previous quarter.

The buyer of Colony Place, DML Colony Place LP, was represented by Anita M. Amin of Preston Cunningham Ventures, LLC. Ace Schlameus and Jenny Seckinger of Colliers represented the seller, Hass Holdings LLC, in the transaction.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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