August 11, 2020
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.”
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