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Practice expands retail center’s occupancy to 82%
Katy, TX, October 4, 2021 – Partners Capital—the investment and development platform of Partners Real Estate Company—today announced that it has leased 2,880 sq. ft. to Acme Dental at its Royal Montreal Plaza retail shopping center in Katy, Texas. The addition of the dental practice brings Royal Montreal’s occupancy rate to 82%, from 75%.
“Royal Montreal Plaza has evolved into one of the premier retail destinations among the dozens of centers dotting Mason Road south of I-10,” said Kelli Walter, Senior Vice President of Asset Management, Partners Capital. “Residents of the surrounding subdivisions—including Nottingham Country, Memorial Parkway, and Cinco Ranch—enjoy our center’s tenants and aesthetics, as well as the fact that it’s situated slightly off the beaten path on the busiest thoroughfare in the area.”
Other tenants at Royal Montreal Plaza include Katy’s highly-regarded One11 Coffee Roasters; OTA Diving & Travel, which offers scuba diving and swim classes; and youth gymnastics center Showcase Gymnastics, which saw one of its students compete in the 2021 Summer Olympics. Partners Capital acquired the two-building Royal Montreal Plaza neighborhood retail center on South Mason Road in Katy in 2018 through its Fund II investment vehicle.
Partners Capital owns a real estate portfolio totaling more than 1.3 million sq. ft. and has completed over $230 million in transaction volume.
For additional information regarding Partners Capital and Fund IV, 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@example.com.
About Partners Capital
Partners Capital is Partners Real Estate Company’s investment platform specializing in the acquisition and disposition of office, industrial, and retail multitenant properties via multiple investment funds, and the development of retail, industrial, office, and mixed-use projects. The company’s investment management platform seeks quality real estate with intrinsic value which would benefit from well-capitalized, sophisticated, hands-on, tenant-focused ownership that truly understands the asset; and targets markets with diverse marketplaces which allow its team to assemble portfolios that provide overall risk diversification for its investors. The development platform develops and manages projects of all sizes and complexity, and provide full-cycle, end-to-end project expertise and seamless execution on site selection, land acquisition, entitlements, planning and design, financing, governmental relations, and construction management. Targeted geographic areas include Houston, Austin, San Antonio, and Dallas/Fort Worth, along with other attractive markets in the southwestern United States. Visit us on the web at www.partnersrec.com.