Partners Capital Acquires Business Park, Market briefs

In Houston, Partners Capital, the investment platform of Partners Real Estate has purchased Dixie Farm Business Park in southeast Houston.

The asset is an eight-building, 196,000-SF flex/retail property located at the northeast intersection of Interstate 45 and Dixie Farm Road. It is currently 96% occupied and is the fourth property to be purchased through Partners Capital’s Opportunity Fund V.

“Dixie Farm Business Park is a proven performer with tremendous upside,” said Andrew Pappas, Partner and President of Partners Capital. “Its strategic location, tenant diversity, and mark-to-market potential align perfectly with our vision for delivering exceptional value. This purchase underscores our commitment to delivering stable cash flow and strong value creation for our investors.”

Dixie Farm Business Park’s small average suite size, coupled with its location within a submarket that is dominated by larger dock-high distribution facilities, offers a solution for local and regional tenants looking for space in an underserved market. Dixie Farm Business Park’s infill location and strategic positioning along Interstate 45—just 1.5 miles from the Beltway 8 & I-45 interchange—provides tenants with streamlined accessibility to the broader Houston MSA.

Partners Capital financed the purchase with Brent Reed and Peyton Jones at Veritex Community Bank. Partners Opportunity Fund V is Partners Capital’s latest value-add fund focused on acquiring industrial, retail, and office properies in the major markets across Texas and the southeastern United States.

During the last eight years, Partners Capital has sponsored seven investment funds and completed more than $600 million in transactions. Its current portfolio includes more than 1.4 million SF of properties throughout in Texas and Southeastern states..

Partners has also developed new projects. In Taylor, Texas near Austin, Partners developed a speculative industrial project. Then Samsung reported it would developing a $17 billion chip plant in close proximity to Partners site.