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469-acre transaction also a Top 10 land sale by acreage in the Greater Houston area in past 12 months

Waller, TX, April 19, 2021 – NAI Partners recently arranged the sale of 469 acres located at the northwest corner of FM 362 and Owens Rd in Waller, Texas. The transaction is the 2nd-largest land sale by acreage in Waller—and the 8th-largest land sale by acreage in the entire Greater Houston area—completed over the last 12 months, per CoStar data.

land sale

Alex Makris, Senior Vice President, and Jeff Pittman, Senior Vice President, of the company’s Land Sales team, represented the seller/land owner, in the transaction.

“Waller County continues to experience exponential growth—underscored by both this 469-acre deal, as well as the 564-acre Beacon Hill parcel in which me and Jeff also represented the land owner in the sale to Wolff Companies—and it’s gratifying having the opportunity to play a small role in helping our local communities expand with the prospect of quality developments,” said Mr. Makris. “This tract at FM 362 and Owens Rd will most likely become a first-class, single-family master-planned community and bring in much needed single-family residential to the Waller area.”

The property is located immediately north of the aforementioned Beacon Hill development along FM 362, just north of the Buc-ees on Hwy 290.

For more 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. Visit us on the web at www.naipartners.com.

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