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| 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.
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| 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 | www.hfflp.com
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