Houston, TX, December 17, 2025 – Partners Capital, the investment platform of Partners Real Estate (“Partners”), today announced the acquisition of Lakeside Shopping Center, a 45,130-sq.-ft., two-building retail center located at 2450 E Main St & 103 Davis Rd in League City, Texas.
The acquisition marks a key addition to the Partners Capital Opportunity Fund V portfolio, further solidifying the Fund’s focus on high-demand, necessity-based retail properties in growing submarkets. The center was 94% occupied at closing.
“The acquisition of Lakeside Shopping Center is a strategic addition to Fund V, aligning perfectly with our investment thesis to acquire value-add retail assets in growing, high-demand submarkets,” said Andrew Pappas, Partner and President of Partners Capital.
Lakeside Shopping Center features a stable, internet-resistant tenant base with an average tenure of 8.4 years across its 15 suites. While occupancy has proven durable, the sub-3-year WALT offers near-term opportunities to capture upside. Investor and retailer demand in the Clearlake/Webster submarket continues to accelerate, supported by strong retail demographics and population growth exceeding 30% over the past decade.
“The center’s recent renovation, coupled with its adjacency to Clear Creek High School, the South Shore Harbour community, and a new D.R. Horton residential development, ensures long-term tenant stability and built-in foot traffic, making this a compelling investment,” said Carson Grett, Vice President of Retail Acquisitions for Partners Capital.
Furthermore, future development reinforces the center’s growth potential: Forestar, an affiliate of D.R. Horton, is developing a 90-home single-family community on an adjacent 30-acre tract. The development will provide a built-in customer base and long-term stability for local retail demand. Forestar has started pre-selling homes with prices starting in the mid $400,000s.
The transaction was brokered by Andrew Nguyen of LandPark Brokerage Services, who represented Partners Capital, and Harris Brooks of LandPark Brokerage Services, who represented the seller. The acquisition was financed by SouthState Bank.
Opportunity Fund V is Partners Capital’s current 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 nine years, Partners Capital has sponsored eight investment funds across three investment strategies and completed more than $750 million in transactions. Its current portfolio includes more than 2 million sq. ft. of properties throughout major markets in Texas and the Southeast.
Partners Capital recently launched the newest investment vehicle, Opportunity Fund VI. Accredited investors can invest in Opportunity Fund VI, and all of Partners Capital’s current offerings directly through the Partners Finance digital investment platform at https://precfinance.com/ or you can contact Partners Finance directly at [email protected] to learn more about the strategy and objectives.
For additional information regarding Partners Capital or the Opportunity Fund platform, please contact Andrew Pappas at (713) 629-0500.
Investing in private funds, real estate and related assets involves a high degree of risk, including loss of capital, illiquidity, and other substantial risks. Investors should be prepared to hold their investments for an extended period and may not be able to sell or transfer their interests easily. Prospective investors should conduct their own due diligence and consult with their tax, legal, and investment advisers before making any investment decision.
