Austin, TX, February 3, 2022 – NAI Partners—the commercial real estate services business of Partners Real Estate Company—today announced that it has sold 8740 N Lamar, a 3,600-sq.-ft. owner-user office property in Austin, Texas.
The NAI Partners Investment Sales team generated multiple offers and created a competitive bidding environment which led to an aggressive escrow timeline of 28 days and a quick all-cash quick close.
NAI Partners’ Ryan McCullough, Tyler Jaynes, and Connor Watson represented the seller, Dr. Thomas Fedesna, D.C., in the sale of 8740 N Lamar.
For more information, please contact Larry Koestler, Executive Vice President of Marketing & Operations, at 713.629.0500.
Partners is a top 5 largest privately held and independently owned commercial real estate firm in the state of Texas. Partners was founded and is headquartered in Houston and has offices in San Antonio and Austin; 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. Partners is a full-service commercial real estate investment and services firm creating value for its investors through Partners Capital, its investment management platform specializing in the acquisition and disposition of office, industrial, and retail multitenant properties via multiple investment funds, and the development of retail, industrial, office, and mixed-use projects; and providing client solutions via its service business 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. 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 4th-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. 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.partnersrec.com.