Tristar Alliance Snags 102K-SF Sterling Plaza

Tristar Alliance Properties shook hands with Mykawa Hso LP to acquire Sterling Plaza, a 102,292-square-foot, Class B office building at 10101 Southwest Fwy. in Houston. Lee & Associates’ Robert LaCoure and Ryan Young negotiated on behalf of the buyer, while Patrick O’Connell with O’Connell Realty represented the seller.

Situated at the Intersection of Beltway 8 and Southwest Freeway in Southwest Houston, Sterling Plaza delivered in 1982 and was last renovated in 2001. The new owner is planning major renovations to the lobby, roof and HVAC. Lee & Associates will lease and manage the property, which has 10,407 square feet available.

“Our client had specific requirements for what they needed” LaCoure said. “Our team exhausted all market opportunities and nothing fit, so we started digging for off-market options, and found a great asset for our client with a value-add opportunity.”

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