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SouthWest Water to Relocate Houston HQ

Minute Maid, a division of Coca-Cola Co., closed its Sugar Land headquarters in 2021. Image courtesy of CommercialEdge

Lionstone Investments has signed a 41,114-square-foot lease at The Minute Maid Building, a 185,000-square-foot office property in Sugar Land, Texas. SouthWest Water Co. will occupy the space for 15 years. Planned Community Developers is handling office leasing at the 32-acre mixed-use Sugar Land Town Square development that the building is part of.

To facilitate the deal, Sugar Land Development Corp. provided the tenant a $1 million incentive, to be paid over two fiscal years. After relocation, the wastewater company will add some 20 jobs.

The eight-story property consists of 174,244 square feet of office space and 10,756 square feet of first-floor retail. Dating back to 2009, the asset was remodeled in 2019 and features 25,000-square-foot floorplates, four passenger elevators and approximately 660 parking spaces. Other tenants include Lotus Midstream, GR Energy Services and Electronica Laboratories, CommercialEdge shows.

Located at 2150 Town Square Place, the office building is close to numerous dining and retail opportunities, including Sugar Land Town Square shopping mall, First Colony Mall and Town Center Shopping Center. Downtown Houston is some 21 miles northeast, while William P. Hobby Airport is 28 miles away.

Recent notable transactions in Sugar Land include InLight Capital’s purchase of 77 Sugar Creek, a 143,410-square-foot office property. Completed in 1998, the Class A property is 2.7 miles from The Minute Maid Building.

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