News Release: NAI Partners Investment Sales team arranges sale of 5040 Crenshaw Rd, a 18,730-sq.-ft. medical office facility on 1.93 acres in Pasadena (Texas)

 

Houston, TX, February 8, 2022 – NAI Partners—the commercial real estate services business of Partners Real Estate Company—recently arranged the sale of 5040 Crenshaw Rd., an 18,730-sq.-ft. medical office facility on 1.93 acres, on behalf of Preston Medical Realty, in Pasadena, Texas.

5040 Crenshaw

NAI Partners’ Cary Latham and Wyatt Huff represented the seller in the sale of 5040 Crenshaw, and also secured the buyer, an entity sponsored by Pisula Development Company based in The Woodlands.

“The demand for suburban medical office continues to be strong, with both institutional and private investors pursuing deals similar to Crenshaw Medical Plaza,” said Wyatt Huff, Senior Associate in NAI Partners’ Investment Sales Division.

For more information, 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.

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