Insights

Partners Capital—the real estate investment and development arm of Partners Real Estate Company—recorded its busiest year of activity ever over the last 12 months, including fully deploying its third fund; raising money for and beginning to acquire properties throughs its Fund IV; and divesting several holdings from earlier funds.

Highlights include:

The sale of Marymont Office Park, an office property located in San Antonio, Texas. Partners Capital’s Fund I originally acquired Marymont in 2017. The 85,368-sq.-ft., four-building, one-story office park is situated in Northeast San Antonio directly adjacent to NE Loop 410.

11301 Fallbrook evolving into one of Houston’s premier medical office destinations.

The sale of Partners Capital’s first-ever development project—a freestanding Starbucks located at Partners Capital-owned Triangle Center in Round Rock, Texas—by NAI Partners’ Investment Sales Division.

The acquisition of Oak Hill Plaza, a 115,512-sq.-ft. retail center in Austin, Texas, and the second property purchased by Partners Capital through its Fund IV vehicle, following the addition of Murphy Southwest Business Center in Stafford, Texas.

The sale of Wells Fargo Business Park, a 104,212-sq.-ft. north Houston flex property.

The sale of Point West Business Park, a 145,915-sq.-ft. flex property.

The sale of Commerce Center, a 16-building, 245,495-sq.-ft. single-story flex industrial park on 14.56 acres located in Stafford, TX—the second disposition for Partners Capital’s Fund III.

The acquisition of Silverlake Business Park, a five-building, 90,000-sq.-ft. flex office/warehouse park located at 2837 Miller Ranch Road in Pearland, Texas.

The acquisition of Bay Pointe Shopping Center, a 2-building, 98,522-sq.-ft. retail center in southeast Houston.

The sale of Clear Lake Business Center, a 149,305-sq.-ft. flex park in Webster, TX, which was originally acquired in February 2019 through Partners Capital’s Fund II investment vehicle.