Press

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On the heels of its rebrand, recent retail center acquisitions, and Fund IV launch, the investment arm of NAI Partners adds another transaction to its lengthy list of 2020 highlights

Houston, TX, December 17, 2020 – Partners Capital—the investment arm of NAI Partners—announced that it has sold Spring Park Village, a retail property located in Spring, Texas.

Partners Capital’s Fund I originally acquired Spring Park Village in 2017. The property consisted of two buildings leased to a diverse roster of tenants, including American Freight, Conn’s Appliances, AT&T, and Starbucks, and also included a 2-acre land pad for future development.

“After negotiating a long-term renewal with Starbucks and leasing the remaining vacancy, we divested the smaller building located in the front of the property 2-years ago,” said Andrew Pappas, Head of Partners Capital. “This summer, we secured an early renewal for the Sears Outlet store—which was recently acquired by Liberty Tax and rebranded as American Freight—and subsequently sold the large building and the development pad site to a local Houston investor.”

Added Mr. Pappas, “This was a great deal for Fund I investors and our platform, and we are thrilled to get another deal closed to finish 2020 strong.”

The sale of Spring Park Village represents Partners Capital’s 15^th deal overall since its launch in 2015.

It’s been a busy several months for Partners Capital, which recently announced a rebrand to Partners Capital from the NAI Investment Fund earlier in October, announced the acquisition of The Trails at 620 retail property in Austin, Texas and retail center Blanco Crossing in Blanco, Texas; and launched Partners Investment Fund IV, the entity’s fourth commercial real estate investment vehicle. The Partners Capital team is looking to raise at least $50 million in equity in order to continue its success in identifying and acquiring high-quality office, industrial, and retail assets in attractive markets.

For additional information regarding Partners Capital and Fund IV, please contact Andrew Pappas at 713.629.0500.

For Partners Capital acquisition or disposition opportunities, please contact Adam Hawkins at 713.985.4604 or adam.hawkins@partnersrec.com.

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.