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SUGAR LAND, TEXAS — CB Richard Ellis (CBRE) has brokered the sale of a 3,500-square-foot retail bank building, located at 11770 University Blvd. in Sugar Land. Nizari Progressive Federal Union acquired the property. The financial institution currently has locations in Texas, California and Illinois. CBRE’s Mark Raines, Matt Keener and Russell Janicek represented the buyer. The undisclosed seller was represented by Simmi Jaggi and Elizabeth Clampitt, also of CBRE. The purchase price was not released.