NAI Partners Acquires Major Industrial Park: What This Means for Local Growth
The Point West Business Park on Harwin Drive was acquired by NAI Partners Investment Fund III.
HOUSTON – NAI Partners Investment Fund III has completed the acquisition of Point West Business Park, a 146,000-square-foot flex industrial property located just south of the Westchase District.
The off-market purchase was made from Interra Capital Group. The transaction was negotiated and closed by Andrew Pappas and Adam Hawkins of NAI Partners’ Investment Fund team, working alongside Todd Carlson and Brad Porter.
Point West Business Park sits on Harwin Drive, just west of South Gessner Road, and offers flexible industrial space well positioned for businesses serving the greater West Houston market.
“This closing represents the tenth acquisition for the NAI Partners Investment Fund platform and brings our total transaction volume to more than $100 million,” said Andrew Pappas, partner at NAI Partners and head of the NAI Investment Fund. “Our continued growth reflects the commitment and capabilities of the entire NAI Partners team.”
NAI Partners has appointed Jennifer Gourlay and Amy Ivy to manage the property, while leasing responsibilities will be handled by Lesley Rice and Andy Parrish of NAI Partners.
