Sugar Land Town Square Hits Double Digits
Sugar Land Town Square (SLTS) celebrated its 10th anniversary in 2013 by signing 18 new office and retail tenants, the second-most active year in its history. (It got to brag at its 10-year reunion.) Planned Community Develops EVP Don Janssen says mixed-use centers were just emerging when the project first opened in ’03. Now SLTS is fully built out, with 561k SF of Class-A office space (93.6% occupied), 243k SF of retail/restaurants (nearing 95% occupancy), 167 mid-rise condos, and the Marriott hotel.
Don says it was a great year for SLTS’s office product. It achieved a 100% retention rate for tenants eligible for renewal. In September, Cosentino North America relocated its HQ to 25k SF at the top of the Texas Drive office building in one of the project’s biggest new deals of 2013. That lease can’t be replicated—the largest contiguous block available now in SLTS is 18k SF. On the retail side, restaurants have been booming, including introducing new concepts to the Houston metro like Tierra del Fuego, Jupiter Pizza & Waffle Co, and GURU Burgers + Crepe.
