NAI Partners Fund Acquires Industrial Park, Market briefs

The Point West Business Park on Harwin Drive was purchased by NAI Partners Investment Fund III.

In Houston, NAI Partners Investment Fund, through its Investment Fund III has purchased Point West Business Park, a 146,000-SF flex industrial park located just south of the Westchase District.

The fund purchased the project off-market from Interra Capital Group. Andrew Pappas and Adam Hawkins of NAI Partners’ Investment Fund negotiated and closed the deal alongside Todd Carlson and Brad Porter.

Point West Business Park is located on Harwin Drive, just west of South Gessner Road.

“This closing marks the tenth purchase 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.