HOUSTON — NAI Investment Fund, the investment division of Houston-based NAI Partners, has completed the acquisition of Spring Park Village, a fully leased neighborhood retail center located in north Houston. The purchase marks the fund’s first retail property acquisition and concludes the activity for NAI Investment Fund I as the firm prepares to launch Investment Fund II, according to Andrew Pappas of NAI.
Spring Park Village totals 76,409 square feet and sits at a highly visible, signalized intersection where Interstate 45 meets Cypresswood Drive, just south of the Grand Parkway. The center benefits from strong local traffic and proximity to regional destinations, including a nearby Topgolf entertainment complex and Spring High School, which together contribute to steady customer flow and day-to-day activity.
The property is 100 percent leased and hosts a diverse mix of national and regional tenants that provide stable, recurring income. Key tenants include Conn’s, Sears Outlet, Starbucks, Texas State Optical and AT&T, delivering a blend of retail, service and food-and-beverage offerings that cater to neighborhood residents and visitors. The tenant roster enhances the center’s appeal as a convenience and destination shopping hub for the surrounding community.
Edge Capital Markets, represented by Kevin Holland, acted as the broker for MetroNational Corp., the seller. The transaction reflects continued investor interest in well-located, leased retail assets that serve daily-needs shopping and convenience categories, particularly in primary and growing suburban trade areas.
Spring Park Village adds to a portfolio of assets acquired by NAI Investment Fund I across the Texas market. Recent Fund I purchases include a 61,165-square-foot medical office building at 11301 Fallbrook Drive in Houston, an industrial or office asset at 12600 N Featherwood Drive in southeast Houston, and Marymont Park, a single-story office park in northeast San Antonio. These acquisitions demonstrate the fund’s diversified approach across property types and submarkets while focusing on income-producing assets with long-term tenant stability.
With the closing of Spring Park Village, NAI Investment Fund I completes its planned cycle of investments and the firm is shifting focus toward capitalizing Investment Fund II. The new fund is expected to continue targeting stabilized, cash-flowing properties in the region, leveraging NAI Partners’ local market expertise and asset management capabilities to create value for investors.
The strategic acquisition of Spring Park Village reinforces NAI Investment Fund’s commitment to acquiring well-located retail centers with proven tenancy and strong community demand. For local stakeholders, the property’s existing tenant mix and convenient location should sustain foot traffic and support ongoing performance.