NAI Partners Investment Fund purchases Marymont Office Park in San Antonio, Texas
San Antonio, TX, September 19, 2017 – NAI Partners Investment Fund has successfully closed on the purchase of Marymont Office Park, an 85,368-sq.-ft. office building located in Northeast San Antonio directly adjacent to NE Loop 410.
Andrew Pappas and Adam Hawkins of NAI Investment Fund sourced, negotiated, and closed the transaction. NAI partnered with Brent Reed and Kevin Hassenflu of Amegy Bank for debt financing, with 100% of equity funded by NAI Investment Fund I. Carrie Caesar of Cushman Wakefield represented the Seller, RLA Marymont and DKJ Development.
Marymont Park is a four-building, one-story office park located on 2391 NE Loop 410 in Northeast San Antonio. The project is 87 percent leased to an assorted group of healthcare tenants, government agencies, non-profits, and small businesses. The NAI Investment Fund has allocated significant capital towards infrastructure and aesthetic improvements and is committed to adding value for Marymont’s tenants and providing quality office space in the Northeast submarket of San Antonio.
Josh Welch of NAI Partners’ Landord Services division will manage the building, with leasing handled by Clare Flesher and Mitchell Lyons of NAI Partners’ San Antonio office.
For additional information regarding the NAI Investment Fund platform, please contact Andrew Pappas at 713.629.0500 or firstname.lastname@example.org.