Houston, TX, January 28, 2021 – NAI Partners today announced that it has arranged an 8,021-sq.-ft. lease for tenant Sprinkle Pop at Point West Business Center, a flex industrial park owned by Partners Capital, the investment arm of NAI Partners.
NAI Partners’ Lesley Rice and Andy Parrish represented landlord Partners Capital in the transaction.
“We are so excited to be expanding into a larger space. Baking has been so hugely popular since the beginning of the pandemic that Sprinkle Pop is growing so fast we are literally selling sprinkles faster than we can produce them! Our new production facility will allow us to continue to grow our business and meet the market demand for our designer sprinkles,” said Liz Butts, founder of Sprinkle Pop.
Sprinkle Pop is a bespoke sprinkle mix maker founded in the spring of 2017. Sprinkle Pop serves baking supply stores, professional cake/cookie decorators, and baked-good enthusiasts around the globe with the high-quality, unique, customizable sprinkle product.
For additional information about this and other NAI Partners transactions, please contact Larry Koestler, Senior Vice President of Marketing & Communications, at 713.629.0500.
About Partners Capital
Partners Capital, a wholly owned subsidiary of NAI Partners, owns a real estate portfolio totaling more than 1 million sq. ft. and has completed over $165 million in transaction volume. Partners Capital was created by NAI Partners as a platform to invest in office, industrial, and retail multitenant properties in Houston, Austin, San Antonio, and Dallas that meet the following criteria: can be acquired below replacement cost; carries a $5 million to $30 million purchase price that falls below the interest of institutional buyers; generates positive cash flow; and allows NAI Partners to leverage its extensive industry knowledge and resources to generate attractive cash flow and value appreciation over a projected holding period of three to six years. Visit us on the web at www.partnersrec.com.
About NAI Partners
NAI Partners is one of the top 5 largest privately held and independently owned commercial real estate services firms in the state of Texas. 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 150 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 offering client leasing and sales solutions in the areas of Office Tenant Representation, Office Project Leasing, Industrial Tenant Representation, Industrial Project Leasing, Retail Tenant Representation, Retail Project Leasing, Landlord Services, Property Management, Investment Sales, Valuation and Advisory Services, Partners Facilities Services (PFS), and Project Management, among other lines of business. The company also has an investment fund platform called Partners Capital, and a development vehicle called Partners Development, both of which are wholly owned subsidiaries of NAI Partners. 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.