Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively engaged to market the opportunity to acquire Sunrise Lake Center (the “Property”), an 88% leased, 74,612-square-foot retail and office asset in the Pearland submarket of Houston, Texas. This offering represents a compelling value-add investment, with 13% below-market rental rates and several tenants approaching lease expiration without renewal options. The asset provides an attractive chance to acquire a Class A boutique office property at a cost well below replacement value. Strategically positioned along Broadway Street—Pearland’s busiest east-west thoroughfare—the Property benefits from strong surrounding demographics and a rapidly expanding residential community.