News release

Industrial net-leased portfolio in Houston markets sells to local investor

JLL Capital Markets closed the sale and arranged the acquisition loan for the three-property portfolio

March 10, 2022

Kimberly Steele

Industries, Work Dynamics and PDS PR
+1 713 852 3420

HOUSTON, March 10, 2022 – JLL Capital Markets announced today that it has closed the sale of and arranged acquisition financing for a 72,980-square-foot portfolio comprising three net-leased industrial properties in markets in and around Houston, Texas.

JLL marketed the portfolio for the seller, Finial Group. Houston-based NDP Interests, LLC, acquired the asset. Additionally, JLL worked on behalf of the new owner to secure a 10-year, fixed-rate acquisition loan with First Community Credit Union (FCCU).

The portfolio includes buildings located at 9841 Windmill Park Lane in Houston, 20404 Whitewood Dr. in Spring and 1114 Seaco Ave. in Deer Park. The single-tenant buildings are fully leased to Global Drilling Support; Forge Systems, Inc. and Intertek USA, Inc. and offer strategic locations in some of the most in-demand and high-growth submarkets within Houston’s Grand Parkway. These mission-critical positions serve major population centers that include about 7.15 million residents within the Houston MSA.

The JLL Capital Markets Investment Sales and Advisory team representing the seller included Senior Managing Director Trent Agnew and Director Charles Strauss.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Managing Director Michael Johnson.

“The opportunity offered NDP Interests a chance to buy a portfolio of diverse tenants in strategic locations with favorable market fundamentals,” Johnson said. “Debt capital was attracted to this mix of industrial assets in several of Houston’s hottest submarkets, and First Community Credit Union immediately responded with a very competitive proposal. FCCU delivered a smooth closing on a quick timeline.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 98,000 as of December 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About Finial Group

Finial Group is a full-service commercial real estate firm that provides service focused, turnkey solutions to their client’s commercial real estate needs. The Finial Group offers investment, development, leasing, asset management and construction management services all under one roof. The Finial Group’s team members are dedicated to building the most revered brand in commercial real estate and maintaining an unrivaled reputation for quality of service and ability to execute.

About NDP Interests

NDP Interests is a partnership-driven commercial real estate investment, development and management firm located in Houston, Texas founded by Richard Nelson, John Duffie and Andrew Peeples. With a combined 80 plus years of experience in the commercial real estate industry, the principals of NDP Interests have amassed a wealth of knowledge, experience and insight into the nature of the ever-changing real estate market. By investing in each project, NDP takes a hands-on approach throughout the entire lifecycle of each investment - from initial negotiation, to crafting and implementing customized leasing and management strategies, and all the way through to the ultimate sale of the asset.

Since inception, NDP Interests, and its preceding company Nelson Duffie Interests, has sponsored multiple highly successful investment vehicles consisting of acquisitions and developments of industrial, retail and land assets as well as apartments and mobile home parks.

About FCCU

First Community Credit Union (FCCU) is a leading financial institution in the Houston market. For over 67 years, FCCU strives to remain on the cutting edge of technology to simplify banking for all. As the 5th largest commercial lender in Texas, they provide many lending solutions for expansion, owner occupied and many other lending options. No matter what a business is need of, FCCU listens to understand the needs before recommending the optimal loan option. For further information, visit