Key Takeaways
- • Dhanani Private Equity Group acquired the former Texas Instruments 165,000 SF office campus in Sugar Land, Texas, closing the transaction on April 13, 2026, financed with a $27.5M promissory note from SouthState Bank.
- • DPEG will occupy 30,000 SF on the ground floor as its new headquarters while converting 40 office suites on the second and third floors for sale, with 25 already under contract as of the announcement.
- • The acquisition addresses acute capacity constraints at DPEG's current 10,000 SF headquarters in Stafford; the firm has expanded from 20 to 100 employees since 2023 and plans relocation by mid-2027.
- • Texas Instruments originally developed the site in 2012 with approximately $35M in capital investment and will retain a campus presence in Sugar Land while relocating to an alternative facility by fall 2026.
- • The transaction demonstrates continued institutional real estate repurposing in the Houston market as major corporations consolidate footprints and alternative asset managers expand physical infrastructure.
Summary
Dhanani Private Equity Group has acquired the 165,000 square foot former Texas Instruments office campus located at 13905 University Boulevard in Sugar Land, Texas, with the transaction closing on April 13, 2026. The purchase includes more than 7 acres and was financed through a $27.5 million promissory note from SouthState Bank, according to Fort Bend County public records. The acquisition was completed on an expedited timeline, with Dhanani principal Faiz Hirani noting that the opportunity emerged rapidly and the entire transaction cycle took approximately one to two weeks from initial discussion to closing.
DPEG will relocate its corporate headquarters to the Sugar Land campus by mid-2027, occupying 30,000 square feet on the ground floor for its operational base. The firm plans to convert the remaining space on the second and third floors into 40 for-sale office suites, a strategy that positions the building as both operational headquarters and revenue-generating real estate asset. As of the announcement, 25 of the 40 planned suites were already under contract, indicating strong market demand for the converted office inventory. The acquisition accommodates significant growth at DPEG, which has expanded its headcount from 20 to 100 employees since establishing its current 10,000 square foot headquarters in Stafford in 2023.
Texas Instruments originally purchased the Sugar Land site in 2012 and invested approximately $35 million in building development. The company selected the location based on local amenities and proximity to employee residences. TI plans to maintain a presence in Sugar Land but will relocate to an alternative facility that better aligns with current operational requirements, with the move targeted for fall 2026. The transaction reflects broader corporate real estate rationalization trends in the Houston market, where established companies are consolidating footprints while alternative asset managers expand physical infrastructure to support scaled operations.
DPEG will relocate its corporate headquarters to the Sugar Land campus by mid-2027, occupying 30,000 square feet on the ground floor for its operational base. The firm plans to convert the remaining space on the second and third floors into 40 for-sale office suites, a strategy that positions the building as both operational headquarters and revenue-generating real estate asset. As of the announcement, 25 of the 40 planned suites were already under contract, indicating strong market demand for the converted office inventory. The acquisition accommodates significant growth at DPEG, which has expanded its headcount from 20 to 100 employees since establishing its current 10,000 square foot headquarters in Stafford in 2023.
Texas Instruments originally purchased the Sugar Land site in 2012 and invested approximately $35 million in building development. The company selected the location based on local amenities and proximity to employee residences. TI plans to maintain a presence in Sugar Land but will relocate to an alternative facility that better aligns with current operational requirements, with the move targeted for fall 2026. The transaction reflects broader corporate real estate rationalization trends in the Houston market, where established companies are consolidating footprints while alternative asset managers expand physical infrastructure to support scaled operations.
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