HOUSTON - NAI Investment Fund I has acquired a Class B office building in southeast Houston as part of a Texas-focused investment program.
The fund bought the 75,000-sf office building at 12600 Featherwood.
12600 Featherwood is situated directly east of I-45 South/The Gulf Fwy., 14 miles south of Houston's central business district in the Gulf Fwy./Pasadena submarket.
This places the property within close proximity to the Port of Houston, Hobby Airport, the Texas Medical Center and NASA's Johnson Space Center.
12600 Featherwood is 81.5 percent leased to tenants including TriStar Global, Bamberger, Carber Holdings and Leasing Associates Service.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.