NAI Investment Fund III Acquires Point West Business Park
NAI Partners’ Investment Fund is pleased to announce that it has officially closed on its first Fund III acquisition, Point West Business Park, a 146,000-sq.-ft. flex industrial park located just south of the Westchase District in Houston, Texas. The deal was closed off-market with Interra Capital Group as the Seller. Andrew Pappas and Adam Hawkins of NAI Partners’ Investment Fund negotiated and closed the deal alongside Todd Carlson and Brad Porter.
“This closing marks the tenth acquisition for the NAI Partners Investment Fund platform and places our total transaction volume at over $100 million,” said Andrew Pappas, Partner at NAI Partners and head of the NAI Investment Fund. “Our growth would not be possible without the strength and dedication of the NAI Partners team.”
Jennifer Gourlay and Amy Ivy of NAI Partners were hired to manage the property, with leasing assigned to Lesley Rice and Andy Parrish of NAI Partners.