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NAI Partners Fund Trades Houston Industrial Park
NAI Partners’ Investment Fund platform has sold Leghorn Service Center, a three-building, 66,530-square-foot industrial park in Houston. NAI acquired the assets in 2019 through NAI Investment Fund II.
A JLL team of Charlie Strauss, Trent Agnew and Katherine Miller acted as the listing broker and procured the buyer, a local private investment group.
“Our leasing team led by Andy Parrish and Lesley Rice did an excellent job driving leasing activity and helping us achieve 100% occupancy in a short period of time,” said NAI Partners’ Andrew Pappas. “This deal is a perfect example of a quality asset that needed hands-on ownership combined with a highly-capable leasing team.”
Adam Hawkins, VP of acquisitions at NAI Partners, added, “This was a great deal for our platform and we are proud of the value generated for our investors. JLL found an excellent buyer and we anticipate their continued success with the project.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
