NAI Partners’ investment fund platform announced the sale of 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.
“Our leasing team, led by Andy Parrish and Lesley Rice, did an excellent job driving leasing activity and helping us achieve 100 percent occupancy in a short period of time,” said Andrew Pappas, partner at NAI Partners and head of the NAI investment fund. “This deal is a perfect example of a quality asset that needed hands-on ownership combined with a highly capable leasing team.”
The JLL team of Charlie Strauss, Trent Agnew and Katherine Miller acted as the listing broker in the transaction and procured the buyer, a local private investment group.
“This was a great deal for our platform, and we are proud of the value generated for our investors,” said Adam Hawkins, vice president of acquisitions. “JLL found an excellent buyer and we anticipate their continued success with the project.”
