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22,606-sq.-ft. San Antonio retail center originally acquired in 2020 as the fifth and final acquisition by Partners Capital Investment Fund III
San Antonio, TX, March 28, 2023 – Partners Capital, the investment arm of Partners Real Estate (“Partners”), announced today that it has sold Blanco Crossing, a 22,606-sq.-ft. retail center located at 19179 Blanco Rd in San Antonio. The property was originally acquired by Partners Capital in 2020 through its third investment vehicle.
“We are pleased to announce the successful sale of Blanco Crossing, which generated attractive return for Partners Investment Fund III. Our team’s expertise in identifying and executing on strategic real estate investments continues to drive value creation for our investors,” said Andrew Pappas, Partner and President of Partners Capital. “This transaction is a testament to our disciplined investment approach and our ability to navigate dynamic market conditions.
The buyer was a private investor in San Antonio, Texas. Philip Levy and Jack Newman of Marcus & Millichap represented Partners Capital on the sale.
Partners Capital has completed more than $450 million in transaction volume during the last six years and their current portfolio comprises of more than 1.4 million sq. ft. Additionally, the Partners Capital team is currently raising capital for Partners Opportunity Fund V—which will be a $150 million equity investment vehicle acquiring value-add industrial, retail, and office properties in Texas and beyond.
For additional information regarding Partners Capital and Partners Opportunity Fund V, please contact Andrew Pappas at 713.629.0500. For new Partners Capital acquisition or disposition opportunities, please contact Adam Hawkins at 713.985.4604 or via email at [email protected].