Houston, TX, November 17, 2020 – NAI Partners recently arranged the sale of a 16.8-acre site at 5550 Bingle Road in Houston, Texas to Trammell Crow Residential (TCR), a leading national multifamily developer.
TCR recently commenced construction on the site. Allora Northwest Crossing, a 378-unit, three-story attainable rental housing community, is slated to open in the fourth quarter of 2021. The high-quality, lifestyle-focused community features large floor plans, full size in-unit washers and dryers, stainless steel appliances, fitness center, pool, dog park and a bike room. The premier location in northwest Houston provides convenient access to Northwest Freeway, offering a short commute to Downtown Houston and the Galleria area, and is within a mile of multiple dining, retail and entertainment options.
NAI Partners’ Chris Caudill represented the buyer, Maple Bingle Apartments, LP, an affiliate of Trammell Crow Residential, while the sellers’ group, led by Claude B. Anello, was represented by NAI Partners’ Clay Pritchett and Zane Carman.
For additional information, 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.
About Trammell Crow Residential
Trammell Crow Residential (TCR) is a national multifamily real estate developer with 11 regional offices. For over 40 years, Trammell Crow Residential has been developing premier, amenity-rich multifamily communities and has delivered more than 250,000 residences in economically thriving locations. TCR, Crow Holdings Industrial (CHI) and Crow Holdings Office (CHO) are the development platform of Crow Holdings, a privately owned real estate investment and development firm with a 70-year history and a strong track record of performance, partnership and innovation. For more information, please visit www.crowholdings.com/tcr.