Retail

TriGate Capital Sells 379,829-SF Retail Center in Sugar Land, TX

TriGate Capital has sold First Colony Commons, a 379,829-sq.-ft. retail shopping center located at 15375 Southwest Fwy. in Sugar Land, Texas.

Mark Witcher, Chris Cozby, Jim Batjer, Harrison Tye, and Jolie Duhon with CBRE National Retail Partners arranged the transaction on behalf of the seller, TriGate Capital. Ryan Watson with CBRE’s Debt & Structured Finance group arranged acquisition financing on behalf of the buyer, Dhanani Private Equity Group.

“The property received multiple offers from a diverse group of investors, driven by the long-tenured national credit anchor lineup, a new grocery anchor draw, and a hard-corner freeway location,” said CBRE’s Mark Witcher. “First Colony Commons is within Sugar Land’s master-planned community, which has strong barriers to entry and established demand drivers.”

First Colony Commons is anchored by new-to-market Seafood City and was 97% occupied by 40 tenants at the time of sale. The retail center is located on approximately 38 acres with exposure on Interstate 69.

“TriGate Capital is very pleased with the execution of the sales process and the ability to realize the value created during our seven-year ownership,” said Paul Sharp, Managing Director with TriGate Capital.

All newsMedia & general inquiries

Find your perspective.

Start typing to explore this website.

Your privacy

This website counts visits with GXB's own analytics. It keeps random visit IDs, the time of your last visit, how you arrived and your display choice in this browser. It sets no cookies, stores no names, and uses no advertising or third-party tracking. Search operates on this device. Forms prepare an email for you to review; they do not send information automatically.

External investor portals and links have their own privacy policies. No optional tracking is enabled here.

Images & property sources

The property tour on the Investments page follows one continuous geographic imagery pyramid from Earth to aerial views of each property area. The photographs in the cards show the actual investments. Green outlines follow visible site and building edges in the aerial imagery. Crossroads highlights both of its buildings; the property photograph shows Building 100. Aerial dates: Florida, 2023; Nolen Farm and Dallas, 2022. The Nolen Farm card uses a newer community photograph.

Investment locations are based on TriGate’s closed-deal records across the United States. Property-tour dots match their aerial views.