Texas

SUGAR LAND — The Sugar Land City Council has approved a tax abatement with Accredo Packaging and API Realty on new real property improvements and personal property for a 171,000-square-foot expansion to Accredo Packaging's manufacturing facility in the Sugar Land Business Park. Designed for LEED Silver certification, the expansion will add more than $9 million in real property, $22 million in personal property, $1 million in new inventory value and 100 jobs to the community. Accredo Packaging manufactures and supplies sustainable, flexible packaging to the pre-packaged foods and consumer products markets in North America.

GRAND PRAIRIE — Bank of America has sold a 103,584-square-foot industrial building, located at 2895 113th St. in Grand Prairie, to Wilkerson Properties for an undisclosed amount. Mark Graybill and Donnie Rhode of Lee & Associates represented the seller, while Michael Stanzel of NAI Robert Lynn represented the buyer.

HOUSTON — Kevin Burkhalter of Johnson Capital's Los Angeles office, along with Jason Pumpelly of the firm's Dallas office, has arranged $14 million in permanent financing secured by two 100-percent-leased industrial warehouse and distribution buildings in Houston. The terms of the 12-year loan, arranged on behalf of the property owner, a privately held entity, included 3 years of interest only payments followed by a 30-year amortization schedule at a fixed rate for the remaining term.