High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Texas  + Retail  | 

New York Buyer Snaps Up Sugar Land CVS

The Boulder Group completed the sale of a single-tenant CVS Pharmacy located at 5757 New Territory Blvd. in Sugar Land for an undisclosed sum. The CVS lease has more than 11 years remaining and features four five-year renewal options.

Jimmy Goodman and John Feeney of The Boulder Group represented the buyer, a New York-based investor involved in a 1031 exchange. The seller was a Texas-based developer.

“CVS drugstore properties with proven operating histories continue to garner significant investor interest,” said Jimmy Goodman, partner of The Boulder Group.  

John Feeney, SVP of The Boulder Group, added, “Properties near large metropolitan areas remain in demand with all investor classes, especially with tenants such as CVS.”

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With Boulder Group’s Goodman and Feeney

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
  • ◦Lease
New call-to-action
New call-to-action