Partners Capital sells Wells Fargo Business Park
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Wells Fargo Business Park originally acquired in 2018 through company’s Fund II investment vehicle
Houston, TX, September 1, 2021 – In a busy month for Partners Capital, the company announced that it has sold Wells Fargo Business Park. The sale of the 104,212-sq.-ft. north Houston flex property comes on the heels of Partners Capital’s recent acquisition of Oak Hill Plaza in Austin, Texas.
Partners Capital — the investment platform of Partners Real Estate Company — originally acquired the two-building, one-story Wells Fargo Business Park in 2018 through its Fund II investment vehicle.
“After we acquired Wells Fargo Business Park we began substantially upgrading the tenant experience through our local, hands-on management and leasing approach,” said Andrew Pappas, Managing Director of Partners Capital and Partner, Partners Real Estate Company. “We also committed to strategic capital improvements—focusing on the building infrastructure and cosmetic enhancements—which drove tenant retention and new leasing.”
Partners Capital was represented in the sale of Wells Fargo Business Park by Trent Agnew and Charlie Strauss at JLL. The buyer was Hillview Capital Partners out of Dallas, Texas.
Partners Capital owns a real estate portfolio totaling more than 1.3 million sq. ft. and has completed over $230 million in transaction volume.
For additional information regarding the sale of Wells Fargo Business Park, Partners Capital and Fund IV, please contact Andrew Pappas at 713.629.0500. For new Partners Capital acquisition or disposition opportunities, please contact Adam Hawkins at 713.985.4604 or via email at adam.hawkins@partnersrec.com.
About Partners Capital
Partners Capital is Partners Real Estate Company’s investment platform specializing in the acquisition and disposition of office, industrial, and retail multitenant properties via multiple investment funds, and the development of retail, industrial, office, and mixed-use projects. The company’s investment management platform seeks quality real estate with intrinsic value which would benefit from well-capitalized, sophisticated, hands-on, tenant-focused ownership that truly understands the asset; and targets markets with diverse marketplaces which allow its team to assemble portfolios that provide overall risk diversification for its investors. The development platform develops and manages projects of all sizes and complexity, and provide full-cycle, end-to-end project expertise and seamless execution on site selection, land acquisition, entitlements, planning and design, financing, governmental relations, and construction management. Targeted geographic areas include Houston, Austin, San Antonio, and Dallas/Fort Worth, along with other attractive markets in the southwestern United States. Visit us on the web at www.partnersrec.com.