LaSalle Investment Management has acquired 4 Hutton Centre through its value-add fund series.

At 6.33 acres, the former world headquarters for American Airlines and American Airlines Federal Credit Union provides investors with a rare opportunity to redevelop the campus into perhaps a headquarters.

Waller Industrial Park benefits from proximity to US Highway 290 and fast-growing northwest quadrant of Houston, and NRG Manufacturing chose the park for a manufacturing, testing and regional office.

The project's development agreement must still be approved by the San Francisco board of supervisors and signed by the mayor, a process which could be complete as early as October of this year.