Houston, TX, July 23, 2018 – NAI Partners Investment Sales, led by Joshua Lass-Sughrue, Senior Vice President and group leader, recently completed the sale of the 19-building, 459,390-sq.-ft. Northwest Houston Industrial Portfolio, one of the largest industrial sales in Houston in 2018.
“This was the buyer’s first acquisition in the Houston Market, and the debt was a complicated assumption of an existing CMBS loan that took approximately six months,” said Mr. Lass-Sughrue. “Despite the degree of difficulty, we still fielded multiple offers, and we’re pleased to have been able to complete the deal on behalf of our client.”
Mr. Lass-Sughrue represented seller JHV-1, LLC, alongside NAI Partners’ Clay Pritchett, a Partner in the company’s Industrial group. The buyer was Northwest Houston Industrial, LLC.
The portfolio’s 19 buildings were spread out across six locations:
- 6125 W Sam Houston Parkway N (±97,030 sq. ft., 5 buildings)
- 6830 N Eldridge Parkway (±99,405 sq. ft., 3 buildings)
- 8807-8815 Emmott Road (±167,040 sq. ft., 6 buildings)
- 9230 Keough Road (±19,630 sq. ft.)
- 6000 Berry Brook Road (±43,100 sq. ft., 3 buildings)
- 16623 Aldine Westfield Road (±33,185 sq. ft., ±1.9 acres of excess land)
In 2017, Mr. Lass-Sughrue ranked among the firm’s Top Ten Producers across all business lines—including Office Tenant Rep, Industrial Services, and Retail Services—and has consistently ranked among the firm’s Top Ten Producers, achieving that feat in seven of the past eight past years.
NAI Partners Investment Sales works with institutions, REITs and private investors seeking to maximize their real estate positions, and provides strategies for properties ranging from portfolios of owned real estate and non-performing loans to single-tenant net leases, multi-family properties, hotels, industrial parks and corporate headquarters. NAI Investment Sales has been responsible for more than $1.1 billion of commercial real estate transactions throughout the state of Texas.
For more information, please contact NAI Partners at 713.629.0500.
About NAI Partners
Houston | Austin | San Antonio
NAI Partners is the 5th-largest Houston-Area Commercial Real Estate Brokerage, the #1 Mover of Square Feet among leasing and sales brokerages, the largest independently owned and among the largest owner-operated commercial real estate firms in Houston, Texas, per The Houston Business Journal. 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 of Texas; and can leverage the power of the NAI Global network to arrange deals in any location throughout the world. NAI Partners employs more than 100 real estate professionals, and arranges more transactions than any of its competitors, completing over 500 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 landlord representation, industrial tenant representation, industrial landlord representation, landlord services, retail services, property management, investment sales, an investment fund, and project management, among other services. The company has been named a Best Place to Work by both the Houston Chronicle and Houston Business Journal, and is among the University of Houston’s Cougar 100 Fastest-Growing Companies.
Commercial real estate in Houston. NAI Partners offers full-service commercial real estate solutions to Houston, Austin and San Antonio, and has been serving the Houston commercial real estate needs of its clients for more than 20 years. We specialize in finding office space, industrial space — like the Northwest Houston Industrial Portfolio — and retail space, and can arrange an office lease, industrial lease or retail lease for your company. Our brokers help tenants and landlords or property owners of any size find the perfect real estate space or location for their business needs, like the Northwest Houston Industrial Portfolio. For more information, contact us today.