NW Houston building purchased.
HOUSTON – Manhattan Life acquired an office building at 13831 Northwest Freeway in Houston.
Jon Silberman, managing partner of NAI Partners, managed the sale. Jim Tainter, who leads the NAI landlord services division, will oversee leasing and property management for the 151,835-SF building.
Houston-based Boxer Property, the seller, was represented by Jay Nowlin.
Manhattan Life’s headquarters building is located nearby at 10777 Northwest Freeway. That property is also leased and managed by NAI Partners.
“One of the most important aspects of being in this business are the relationships you develop,” Silberman said. “I’ve been fortunate to complete several transactions for ManhattanLife over the years, and it’s gratifying to continue our strong business relationship by locating an off-market investment property in an ideal submarket for the company.”
ManhattanLife is a group of four operating life and health insurance companies; Manhattan Life Insurance Company, ManhattanLife Assurance Company of America, Western United Life Assurance Company and Family Life Insurance Co.
March 12, 2018 Realty News Report Copyright 2018