HOUSTON – (Realty News Report) – Partners Capital, the investment platform of Partners Real Estate has acquired Dixie Farm Business Park in southeast Houston.
The asset is an eight-building, 196,000-SF flex/retail property located at the northeast intersection of Interstate 45 and Dixie Farm Road. It is currently 96% occupied and is the fourth property to be acquired through Partners Capital’s Opportunity Fund V.
“Dixie Farm Business Park is a proven performer with tremendous upside,” said Andrew Pappas, Partner and President of Partners Capital. “Its strategic location, tenant diversity, and mark-to-market potential align perfectly with our vision for delivering exceptional value. This acquisition underscores our commitment to delivering stable cash flow and strong value creation for our investors.”
Dixie Farm Business Park’s small average suite size, coupled with its location within a submarket that is dominated by larger dock-high distribution facilities, offers a solution for local and regional tenants looking for space in an underserved market. Dixie Farm Business Park’s infill location and strategic positioning along Interstate 45—just 1.5 miles from the Beltway 8 & I-45 interchange—provides tenants with streamlined accessibility to the broader Houston MSA.
Partners Capital financed the acquisition with Brent Reed and Peyton Jones at Veritex Community Bank. Partners Opportunity Fund V is Partners Capital’s latest value-add fund focused on acquiring industrial, retail, and office properies in the major markets across Texas and the southeastern United States.
During the last eight years, Partners Capital has sponsored seven investment funds and completed more than $600 million in transactions. Its current portfolio includes more than 1.4 million SF of properties throughout in Texas and Southeastern states..
Partners has also developed new projects. In Taylor, Texas near Austin, Partners developed a speculative industrial project. Then Samsung announced it would developing a $17 billion chip plant in close proximity to Partners site.
Jan. 3, 2025 Realty News Report Copyright 2025
Image: Courtesy Partners
THE RALPH BIVINS PROJECT PODCAST
LISTEN: THE RALPH BIVINS PROJECT with Danny Rice of Colliers
LISTEN: THE RALPH BIVINS PROJECT with Trey Odom of Avera
LISTEN: THE RALPH BIVINS PROJECT with Kris Larson of Downtown Houston +
LISTEN: THE RALPH BIVINS PROJECT with Jim Carman of Howard Hughes Holdings
LISTEN: THE RALPH BIVINS PROJECT with Jeff Havsy of Moody’s Analytics
LISTEN: THE RALPH BIVINS PROJECT with Sam Scott of CommGate
LISTEN: THE RALPH BIVINS PROJECT with John S. Moody, Jr. of Moody Law Group
LISTEN: THE RALPH BIVINS PROJECT with Scott Martin of Granite Properties
LISTEN: THE RALPH BIVINS PROJECT with Robert Clay of Clay Development
File: Partners Capital Acquires Business Park