Waco, TX, November 6, 2023 – Partners Capital, the investment platform of Partners Real Estate—one of the largest independent commercial real estate firms in Texas—announced it has acquired Waco Gateway Park, +/- 152 acres of raw land in the southwest quadrant of I-35 and Loop 340 in Waco, Texas. This tract of land is the first acquisition by Partners Capital’s Land Fund I, which launched in Q2 2023.

“Gateway Blvd is a critical artery for the City of Waco—a significant amount of truck traffic in this industrial corridor travels North/South along Bagby Avenue—and as part of our acquisition we will extend Gateway Blvd through our property, into an existing underpass at I-35, allowing truck and other vehicular traffic to have an easier and more direct route to access the interstate,” said Dan Moody, Managing Director of Partners’ Land Fund.

Added Mr. Moody, “This is a very strong pocket of the city and continues to perform well.  The users here represent a very diverse group of industries and companies—from big box distribution with Amazon and Wal-Mart; to manufacturing and sales with Tractor Supply, Caterpillar, and Hello Bello baby products; to food processing by Mars and Coca-Cola. Additionally, Graphic Packaging International, recently announced plans to build a 650,000 SF facility adjacent to our property. Waco’s dynamic growth and potential as a hub in Texas make this investment pivotal for our stakeholders. As we forge ahead, we’re reminded that with every acquisition, we’re not just buying land, we’re investing in the communities and economies of tomorrow.”

Partners Land Fund I is focused on identifying and acquiring raw land in the major markets across Texas and the southeastern United States, with a focus on adding value to land via utility, road, entitlement, zoning and other strategies. Accredited investors can invest in Land Fund I—and all of Partners Capital’s current offerings—directly through the Partners Finance digital investment platform.

“Partners Capital is excited to reach the first Land Fund I milestone with the acquisition of Gateway Park in Waco, Texas,” said Andrew Pappas, President of Partners Capital. “Our commitment to delivering diverse investment strategies and opportunities to our investors propels our ongoing strategic growth.”

During the last seven years, Partners Capital has sponsored seven investment funds across three investment strategies and completed more than $500 million in transaction volume. Its current portfolio comprises more than 1.4 million sq. ft. of properties located throughout Texas’ major markets. Prior to acquiring Waco Gateway Park, Partners Capital recently completed the first acquisition in its Opportunity Fund V, purchasing Westcliff Shopping Center, the platform’s first property acquisition in North Texas.

For additional information regarding Partners Capital, please contact Andrew Pappas at 713.629.0500. For Land Fund investment opportunities or inquiries, please contact Dan Moody at 713.985.4623 or via email here.

For more information, please contact Ash Harley-Majic, Marketing & Communications Manager, at 713.275.9641.