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Sale/leaseback arrangements becoming increasingly attractive to both investors and tenants, per NAI Partners’ Latham
Houston, TX, January 11, 2022 – NAI Partners—the commercial real estate services business of Partners Real Estate Company—recently arranged the sale/leaseback of 1515 Witte Rd., a 34,000-sq.-ft. office and industrial campus on 4.92 acres, on behalf of Allpoints Group in Houston, Texas.
NAI Partners’ Cary Latham and Wyatt Huff represented the seller in the transaction, and also secured the buyer, Triten Real Estate Partners, in the sale of 1515 Witte.
“Sale/leaseback transactions are becoming increasingly beneficial for businesses of all sizes—providing a multitude of benefits to the tenant—while giving investors stable cashflow and flexible deal terms,” said Cary Latham, Vice President in NAI Partners’ Investment Sales Division. “It’s a win-win for both parties.”
“Triten is thrilled to partner with Allpoints Surveying and provide their team with an alternative capital solution to assist them in their continued success,” said Will Hedges, Partner with Triten Real Estate Partners.
Since 1996, Allpoints Surveying has been a trusted advisor for high-volume homebuilders by listening to their needs and tailoring solutions to surpass their expectations. Builders choose AllPoints time and time again because we beat the competition on delivery, accuracy and price while going above and beyond to bring them innovative solutions.
For more information about the sale of 1515 Witte, please contact Larry Koestler, Executive Vice President of Marketing & Operations, at 713.629.0500.
About NAI Partners
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 180 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 providing client solutions for Office, Industrial, Retail, Life Sciences, and Multifamily product types across Brokerage Services, which includes Tenant Representation, Project Leasing, Investment Sales, and Land Sales; Landlord Services, which includes Property Management and Facilities Management; Valuation Services, which includes Lending Appraisal, Appraisal Review, Portfolio & Financial Reporting, and Tax, Litigation & Due Diligence Advisory; and Project Services, which includes Construction Management and Space Management. 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. NAI Partners’ holding company is Partners Real Estate Company, which also owns real estate investment and development platform Partners Capital. Visit Partners Real Estate Company on the web at www.partnersrec.com.