NAI Investment Fund Sells 75,166 SF Office Property in Southeast Houston

The office property at 12600 N. Featherwood Drive in Houston was the first property purchased by NAI's inaugural fund. (Image courtesy of 42Floors.)

HOUSTON — The NAI Investment Fund has sold a 75,166-square-foot, Class B office building located at 12600 N. Featherwood Drive in southeast Houston. The property was the first asset purchased by NAI Investment Fund I, which was launched in 2015. Andrew Pappas and Adam Hawkins of NAI worked with Marty Hogan of HFF to close the sale, the buyer in which was not disclosed. NAI plans to fully deploy another fund this year with more than $80 million in capital.

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