HOUSTON – (Realty News Report) – Stream Realty Partners has been engaged to lease the 3 Sugar Creek building in Sugar Land, of the southwest side of Houston.
The six-story tower is owned by an affiliate of the Houston-based Wedge Group called 3 SC Center, LLC.
Wedge is making improvements to the 3 Sugar Creek building, a 153,000-SF property which it acquired in 2018 from Radler Enterprises.
“In addition to the many property enhancements and full brand refresh taking place in 2021, Wedge has committed to elevating the outdoor space with lush landscaping and a seating area, which will complement the implementation of Stream’s large-scale spec suite program to generate additional activation and community within the building,” Stream Realty said. “Currently 58 percent leased, the building offers plug-and-play suites ranging from 2,300 to 19,000 SF, as well as a unique, full-floor opportunity with top of building signage available.”
“Stream is thrilled about the opportunity to begin our relationship with Wedge at this exceptional asset. Wedge is a forward-thinking landlord focused on quality of tenant experience, and we are ready to work with them to complete the lease-up efforts at 3 Sugar Creek,” said Stream vice president Craig McKenna, who is overseeing the leasing effort with Stream’s Mathew Volz.
The Sugar Creek District
3 Sugar Creek is located on Sugar Creek Boulevard, near Dairy Ashford and the Southwest Freeway.
The Sugar Creek area, located around the intersection of the Southwest Freeway and Highway 90, has some advantages for commuters. Highway 90 serves as alternative route from the Texas Medical Center area to master planned communities in Fort Bend County.
Wedge is not the only investor that has been attracted to Sugar Creek in recent years.
Two years ago, Kevin Glazer, co-owner of the Tampa Bay Bucs, winners of the 2021 Super Bowl, acquired the One Sugar Creek building. The One Sugar Creek building, which has also been known as the Comerica Bank Building, is near Wedge’s tower.
Wedge’s 3 Sugar Creek building sits on a 3-acre site which has visibility from the freeway Completed in 2008, the Class A asset has 26,000-SF floor plates.
The Sugar Land community gets its name from its history of producing sugar. The Imperial Sugar company was founded there in 1843.
Brett Scholz, Wedge president and CEO, said, “3 Sugar Creek has a distinct presence within the Sugar Land submarket and offers a truly unique experience for tenants looking for high-quality workspace, ease-of-access and a diverse amenity base, which are so critical for many tenants’ recruitment strategy and employee engagement efforts.”
One of the fastest growing counties in the U.S., Fort Bend County is expected to reach 1 million in population in the next five years. Located about 20 miles southwest of downtown Houston, Fort Bend County calls itself the most diverse county in Texas and touts its status as an inclusive community.
July 2, 2021 Realty News Report Copyright 2021.
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File: Wedge Making Waves in Sugar Creek
Image: Courtesy Stream Realty Partners
File: (2) Fort Bend County. Sugar Land. Wedge Making Waves in Sugar Creek. Southwest Freeway. Stream Realty Partners. Brett Scholz.3 SC Center LLC. Kevin Glazer. Tampa Bay Bucs. Comerica Bank. Mathew Volz. Craig McKenna.