Houston, TX, January 2, 2025 – Partners Capital, the investment platform of Partners Real Estate (“Partners”), announced it has acquired Dixie Farm Business Park in an off-market transaction. The asset is an eight-building, 196,000-sq.-ft. flex/retail property located in southeast Houston, Texas, at the northeast intersection of Interstate 45 and Dixie Farm Road. It is currently 96% occupied and is the fourth property to be acquired 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 acquisition underscores our commitment to delivering stable cash flow and strong value creation for our investors.”

“The acquisition of Dixie Farm Business Park is the product of Partners Capital’s commitment to a diligent and disciplined approach to sourcing attractive principal to principal transactions,” said Jack Nini, Vice President-Opportunity Funds, Partners Capital. “The property provides stable cash flow, as demonstrated by its resilient historical occupancy, and considerable upside potential that is attainable through thoughtful hands-on ownership.”

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’s Asset Management team will leverage and advance the asset’s existing position as a top option in the submarket for small bay space by executing several major capital improvement projects that will enhance the asset’s functionality and cosmetic appeal.

Partners Capital financed the acquisition with Brent Reed and Peyton Jones at Veritex Community Bank.

Partners Opportunity Fund V is Partners Capital’s latest value-add fund focused on identifying and acquiring high-quality industrial, retail, and office assets in the major markets across Texas and the southeastern United States.

During the last eight years, Partners Capital has sponsored seven investment funds across three investment strategies and completed more than $600 million in transactions. Its current portfolio includes more than 1.4 million sq. ft. of properties throughout major markets in Texas and the Southeast.

Accredited investors can invest in Opportunity Fund V, and all of Partners Capital’s current offerings directly through the Partners Finance digital investment platform at https://precfinance.com/.

For additional information regarding Partners Capital or the Opportunity Fund platform, please contact Andrew Pappas at (713) 629-0500.