JLL arranges sale and financing of Sugar Park Plaza

HOUSTON, Oct. 1, 2025 –  JLL Capital Markets announced today that it has arranged the sale and financing of Sugar Park Plaza, a 95,032-square-foot, neighborhood retail center proximate to the Sugar Land submarket.

JLL represented the seller and procured the buyer, Dhanani Private Equity Group, in an off-market transaction. JLL also arranged the five-year acquisition financing on behalf of Dhanani Private Equity Group.

Sugar Park Plaza is strategically positioned at 11824-11930 Wilcrest Drive, occupying a prime 8.65-acre site at a high-traffic intersection between the thriving Stafford and Sugar Land communities of Houston. The property benefits from its proximity to the Southwest Freeway and Highway 99, while being surrounded by established master-planned residential developments. This top-performing retail center serves the dynamic Sugar Land/Stafford submarket, which has experienced remarkable growth over the past decade and currently supports a population exceeding 429,000 residents within a five-mile radius of the property.

Renovated in 2016, Sugar Park Plaza is one of Houston’s top performing neighborhood centers with more than two million annual visitors. The property features one in-line retail building and three pad sites and is fully leased to 16 tenants with a weighted average tenure of 24 years. The curated tenant mix is anchored by Marshalls and also features Aga’s Restaurant and Catering, Sketchers, Chase Bank, ExxonMobil, and Magnum Staffing. Aga’s restaurant has been at the center since 2001 and has built a strong following. Placer.ai, who tracks foot traffic, ranks Aga’s in the top 10 in Texas by annual visits.

JLL’s Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Director John Indelli and Senior Managing Director Ryan West.

JLL’s Debt Advisory team representing the borrower was led by Director Michael King and Managing Director Michael Johnson.

“Retail is proving its resilience – limited new supply, capital chasing deals, and embedded rent growth make this one of the most compelling sectors to own right now,” said Indelli.

King added “As the debt markets continue to strengthen, we're seeing growing lender appetite for retail assets across all lending sectors as retail continues to demonstrate its underlying strength.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

Dhanani Private Equity Group (DPEG) is a Houston-based real estate development and private equity firm that provides investment opportunities through various development and acquisition methods across a diversified portfolio of commercial and multi-family properties. The company has established a strong track record of delivering robust historical returns to their 4,100+ investors while consistently exceeding its target performance benchmarks. DPEG has provided investors with substantial weighted-average annual returns over recent years, with an overall blended average return of 35% across multiple project exits. The firm has worked on over 250 projects in the last 15 years and continues to grow their extensive portfolio across sunbelt markets. To learn more, please visit: www.dhananipeg.com.