Houston, TX, January 8, 2025 – Partners Capital, the investment platform of Partners Real Estate (“Partners”), today announced the acquisition of Fidelity Road Industrial Park, a three-building, 13-acre industrial portfolio located at 4204, 4206, and 4208 Fidelity St. in Houston.
The acquisition of the 198,290-sq.-ft. asset marks the latest, and final, addition to Partners Capital’s Opportunity Fund V investment vehicle. Constructed in 1980, the property is leased to two tenants and benefits from in-demand features including oversized rollup doors, functional clear and hook heights, and high-capacity bridge crane infrastructure. The East Houston crane-served manufacturing market continues to perform as a top performer in the region with high occupancy figures and strong rent growth. Financing for the transaction was provided by SouthState Bank. Travis Land at Partners sourced and brokered the transaction.
“The Fidelity acquisition encapsulates what we believe makes the Partners platform so unique. Collaboration across the firm’s verticals aims to drive meaningful results for our services business and our fund platform and its investors,” said Andrew Pappas, partner and president of Partners Capital. “This acquisition aligns with our strategy of identifying and acquiring high-quality assets in mature, supply-constrained markets at attractive price points.”
“Securing this asset off-market through our industrial brokerage team underscores the competitive edge we hope to offer our fund investors,” said Jack Nini, vice president of industrial acquisitions. “Fidelity’s location—less than one mile from the East Loop 610 and I-10 interchange—provides exceptional access to the Port of Houston and the MSA’s broader freeway network. This connectivity, combined with the asset’s premium features, makes it one of the most desirable crane-served properties in the trade area.”
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 square feet of properties throughout major markets in Texas and the Southeast.
Partners Capital recently launched the newest investment vehicle, Opportunity Fund VI. Accredited investors can learn more about Fund VI and all of Partners Capital’s offerings by reaching out to Partners Finance or you can contact Partners Finance directly at [email protected] to learn more about the strategy and objectives.
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.
