Bisnow | This Week’s Houston Deal Sheet
NAI Partners purchased Point West Business Park, a 146K SF flex industrial park just south of the Westchase District. This is the company’s first acquisition in its Fund III and the 10th in its overall investment fund platform, bringing the company beyond $100M in transaction volume. Interra Capital Group was the seller in the off-market deal. NAI Partners’ Andrew Pappas and Adam Hawkins negotiated alongside Hunington’s Todd Carlson and Porter Powers Attorneys’ Brad Porter. NAI’s Jennifer Gourlay and Amy Ivy will manage the property, and NAI’s Lesley Rice and Andy Parrish will lease it.