NAI Robert Lynn and Hiffman National Take on Houston
By Brandon Sams
NAI Robert Lynn formed a joint venture with a related company, Hiffman National, and their eyes are set on Houston.
Dallas-based NAI Robert Lynn and Chicago-based Hiffman National are subsidiaries of NAI Global, and the commercial real estate firms are positioning themselves to become influential players in Houston.
“By our estimate, 60 percent of our clients across the U.S. own commercial assets in Texas, and about 90 percent of institutional property investors in the U.S. are invested in Dallas, Fort Worth and Houston, so this is a great fit for our business,” Hiffman National CEO Dave Petersen said in a media release.
Hiffman National manages 4.7 million square feet of commercial property, including 30 buildings and 419 tenants in Houston alone. The company also has a project management team in the city and provides tenant and landlord construction services. This joint expansion will allow NAI Robert Lynn to add its forces to Hiffman National’s already strong presence in the Space City.
Nationally, Hiffman manages more than 130 million square feet of commercial property in 27 states, largely for institutional investors. The company has seen its portfolio of managed assets grow by over 40 percent in the past few years.
NAI Robert Lynn reports it has experienced 1,400 percent growth since opening an office in Fort Worth in 2011. The company, which offers industrial, office and retail leasing services to commercial property owners, investors and occupiers in the Dallas-Fort Worth area, has become one of the top commercial real estate services in the region.
As part of their joint venture, NAI Robert Lynn and Hiffman National will offer agency leasing services, property management and project management to commercial property owners and institutions looking to make their mark on the Houston real estate market.