crefeed.com | Ellman Companies purchases Sugar Land, Texas, office building for $60.5M

9/14/2007

Ellman Companies purchases Sugar Land, Texas, office building for $60.5M

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The Ellman Companies purchased the 528,856 square foot Class A office building at One Sugar Creek Place in Sugar Land Texas from Unilev Capital Corporation for $60.5 million.

Marvin Stapper of M.M. Stapper Commercial & Investment Real Estate represented Unilev in the sale.

Thomas Swan with Amcal Southwest LLC in Scottsdale, Ariz., represented Ellman.

Chevron currently leases the entire building, which was formerly known as the Unocal Building. The lease expires in March 2010.

The Ellman Companies is actively involved in the site selection, planning, design, development, leasing, management, marketing, acquisition and sale of major retail centers throughout the United States.

Headquartered in Beverly Hills, Unilev Capital is a privately held real estate investment organization that acquires well-located commercial income-producing properties through various affiliated entities.

Address: 14141 Southwest Freeway, Sugar Land, Texas

Size: 528,856 square feet

Built: 1982

Filed Under: Office

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