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Texas  + Houston-Galveston  + Distressed Assets  | 
Distressed Sugar Land office property picked by InLIght Capital

Distressed Sugar Land Office Property Picked by InLight Capital

InLight Capital has purchased 77 Sugar Creek, a 143,410-square-foot, Class A office property in Sugar Land. CWCapital Asset Management was the seller.

CommercialSearch.com reports the asset was taken to auction following a CMBS foreclosure, with CWCapital Asset Management acting on behalf of Wilmington Trust. In early 2023, NorthStar Commercial defaulted on a mortgage held by Wilmington Trust. Auction house RI Marketplace reported the auction drew a signifacant number of bidders.

The six-story office property, located at 77 Sugar Creek Center Blvd. was built in 1998. With cosmetic renovations completed in 2018, the property sits on 6 acres, close to U.S. Highway 59, Interstate 69 and 19 miles from Houston. As of August, 77 Sugar Creek was 66 percent leased to a variety of tenants, including Wells Fargo Advisors, Lucid Private Offices, Summus Industries and Mc Offshore Petroleum, among others.


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InLight Capital

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition
  • ◦Economy
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