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NAI Investment Fund Divests Part of Spring Park Village

NAI Investment Fund divested one building of the two-building, 76,409-square-foot Spring Park Village. Specifically, the fund sold a 10,433-square-foot building to an unnamed buyer less than a year after buying the retail center at 19752 North Fwy. in Spring, TX, north of Houston. The other building is remaining with the seller.

Andrew Pappas and Adam Hawkins of NAI Investment Fund worked with Todd Carlson of Hunington Properties to close the deal, and partnered with Peyton Jones at Green Bank to close refinancing on the remaining building.

Pappas said that critical renewals were negotiated throughout the fund’s hold period, resulting in “a successful exit for our investors. We look forward to generating additional value for the shopping center, and capitalizing on development opportunities with the raw land pad.”

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • ◦Sale/Acquisition