Houston, TX, December 18, 2025 – Partners Capital, the investment platform of Partners Real Estate (“Partners”), today announced the disposition of Murphy Southwest Business Center, a major industrial/flex property located at 12999 & 13003 Murphy Rd in Stafford, Texas.
The sale of the 343,200-sq.-ft., 28-building complex represents a significant realization for Partners Capital’s Opportunity Fund IV investment vehicle. Partners Capital originally acquired the property off-market in March 2021.
“The successful disposition of Murphy Southwest Business Center demonstrates the strength of our value-add strategy, which involves identifying high-quality, in-demand industrial assets and executing targeted asset management plans,” said Andrew Pappas, Partner and President of Partners Capital.
Over the hold period, the team executed a disciplined business plan focused on driving NOI growth, improving income durability, and positioning the asset as a leading flex option in the submarket. At acquisition, most tenants were on month-to-month gross leases; within the first year, Partners re-leased the majority to term agreements and converted more than 60% of the net rentable area to triple-net leases. By sale, over 90% of the property was under net leases, delivering a more efficient asset to the next investor. An aggressive leasing strategy averaged 47 leases annually and more than 600,000 square feet of activity, while rigorous credit underwriting materially improved tenant quality, collection efficiency, weighted average lease term, and income stability.
The business plan also included a targeted capital program consisting of HVAC modernization, vacant-suite make-readies, a façade refresh, and a seven-figure fire and life-safety infrastructure upgrade. These initiatives materially enhanced the property’s operations and economics.
“The Houston industrial market’s sustained growth and the strategic timing of our exit allowed us to realize exceptional value from this asset,” said Jack Nini, Vice President of Industrial Acquisitions. “Our ability to source this asset off-market in 2021 and execute a full business plan during a period of dynamic industrial demand allowed us to achieve excellent results for our fund partners.”
The seller’s brokerage team was comprised of Charles Strauss, Trent Agnew, and Lance Young of JLL.
This sale adds to an already busy year for Partners Capital, which recently announced the ninth acquisition for Opportunity Fund V, Lakeside Shopping Center, the completion of the historic renovation to Westcliff Shopping Center in October, the third acquisition for Hospitality Fund I- Homewood Suites by Hilton in August, and the acquisition of the HTX Service Center Portfolio for Opportunity Fund V in July.
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.
