Houston — JLL has arranged the sale and financing of Sugar Park Plaza, a 95,032-square-foot neighborhood retail center located in Houston. Renovated in 2016, Sugar Park Plaza features one in-line retail building and three pad sites. Marshalls anchors the center, which was fully leased at the time of sale, and includes a mix of 15 other tenants including Aga’s Restaurant & Catering, Skechers, Chase Bank, ExxonMobil and Magnum Staffing. Sugar Park Plaza was built in 1974 on nearly 30 acres.
John Indelli and Ryan West of JLL represented the seller and procured the buyer, Dhanani Private Equity Group, in an off-market transaction. Michael King and Michael Johnson, also of JLL, represented the borrower. Additionally, JLL arranged the five-year acquisition loan on behalf of Dhanani Private Equity Group.