Saturday, October 10, 2015

HFF closes the sale of office property in Houston’s Gulf Freeway/Pasadena submarket

12600 Featherwood, Houston, TX

HOUSTON, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of 12600 Featherwood, a four-story, 74,753-square-foot office property in Houston, Texas.

HFF represented the seller, Klabzuba Realty, in the transaction.  NAI Partners, through NAI Investment Fund I, LLC, purchased 12600 Featherwood for an undisclosed amount and obtained debt from Amegy Bank.

Martin Hogan
“This transaction represents the completion of a successful round trip that generated attractive returns to our investors,” said Klabzuba Executive Vice President Clint Corn.  “We remain committed to proactively recycling our capital into urban infill opportunities in major Texas markets.”

12600 Featherwood is situated directly east of Interstate 45 South/The Gulf Freeway about 14 miles south of Houston’s central business district in the Gulf Freeway/Pasadena submarket.  This places the property within close proximity to the Port of Houston, Hobby Airport, the Texas Medical Center and NASA’s Johnson Space Center.

 12600 Featherwood is 81.5 percent leased to tenants including TriStar Global, Bamberger, Carber Holdings and Leasing Associates Service.

The HFF investment sales team was led by director Martin Hogan.

“The building is well positioned to capture oil and gas and logistics tenants that need a location need the Port of Houston or Hobby Airport,” said Hogan.

NAI Investment Fund I, LLC, has been organized by NAI Investment Management, LLC and the partners of NAI Partners to invest in office and industrial multi-tenant properties in Houston, Dallas, Austin and San Antonio. According to Rob Evans, the objective is to acquire value-add properties in these markets over the next 18-24 months.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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