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Transaction is a Top 10 largest office renewal in Houston in 2020
Houston, TX, January 4, 2021 – NAI Partners recently arranged a 38,765-sq.-ft. office lease for First Investors Financial Services, Inc. at 5757 Woodway in Houston, Texas.
Per CoStar data, it is the 7th-largest office lease renewal in Houston in 2020.
NAI Partners’ Dan Boyles, Partner and member of the company’s Office Tenant Rep Group, represented First Investors Financial Services in the transaction. The landlord, 5757 Woodway Realty, LTD, was represented by Braun Enterprises.
5757 Woodway Realty, Ltd. (a Braun Enterprises-related partnership) purchased the building in 2018 and immediately rebranded the building, transforming the project inside and out. The building is occupied by a variety of tenants including medical, traditional office, service, and co-working tenants. Braun initially built out their office suite concept – Urban Office by Braun Enterprises, which consists of modernized small office suites with shared work space, conference rooms, kitchen, lounge area and other amenities and later leased it to Local Office a local co-working concept. Additionally, Braun developed space beneath the parking garage which is now occupied by Sola Salon Suites.
First Investors Financial Services is an automobile finance company founded in 1988 to serve the special finance needs of automobile dealers and consumers.
For additional information about this top largest office renewal in Houston, please contact Larry Koestler, Senior Vice President of Marketing & Communications, at 713.629.0500.
About NAI Partners
NAI Partners is one of the top 5 largest privately held and independently owned commercial real estate services firms in the state of Texas. NAI Partners was founded and is headquartered in Houston and has offices in San Antonio and Austin; offers the geographic expertise to complete real estate transactions throughout the state; and can leverage the power of the NAI Global network to arrange deals in any location around the world. NAI Partners employs more than 150 real estate professionals, and arranges more transactions than any of its competitors, completing over 700 commercial lease and sale arrangements every year. NAI Partners is a full-service firm offering client leasing and sales solutions in the areas of Office Tenant Representation, Office Project Leasing, Industrial Tenant Representation, Industrial Project Leasing, Retail Tenant Representation, Retail Project Leasing, Landlord Services, Property Management, Investment Sales, Valuation and Advisory Services, Partners Facilities Services (PFS), and Project Management, among other lines of business. The company also has an investment fund platform called Partners Capital, and a development vehicle called Partners Development, both of which are wholly owned subsidiaries of NAI Partners. NAI Partners is the top Houston-based full-service commercial real estate firm on the Inc. 5000 list of fastest-growing private companies in America; the 5th-largest Houston-Area Commercial Real Estate Brokerage and #1 Mover of Square Feet among leasing and sales brokerages in Houston per the Houston Business Journal; the only commercial real estate firm on the Houston Business Journal’s Mid-Market 50 list; a top 12 largest San Antonio Commercial Real Estate Brokerage per the San Antonio Business Journal; and a top 20 Property Management Firm by square feet under management in Houston per the Houston Business Journal. NAI Partners has been named a Best Place to Work by the Houston Chronicle, Houston Business Journal and Austin Business Journal; and is among the University of Houston’s Cougar 100 Fastest-Growing Companies.