SUGAR LAND, TEXAS — Berkadia has arranged $21.9 million in financing for One Sugar Creek Center/Comerica Bank Building, an office property located in Sugar Land. Corby Chaffin and Steve Comly of Berkadia’s Houston and Philadelphia offices, respectively, secured the fixed-rate loan through an unnamed life insurance company. Chaffin and Comly originated the financing on behalf of the borrower, Equus Investment Partnership IX, a discretionary fund managed by Equus Capital Partners Ltd. Equus’ business plans call for capital improvements and amenity upgrades to the property. The 11-story property spans 193,998 square feet and is situated on 4.5 acres. Amenities include a deli, banking facility, surface parking and an attached four-level parking garage. Built in 1983, the property is 89 percent occupied. One Sugar Creek Center/Comerica Bank Building is located at 1 Sugar Creek Center Blvd. and is 20 miles southwest of downtown Houston. The property offers access to US Highway 59, US Highway 90A and State Highway 6.
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