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Office building is fifth asset in Partners Capital’s Fund IV portfolio
Boerne, TX, June 13, 2022 – Partners Capital – the investment management platform and development arm of Partners Real Estate Company – today announced that it has acquired Boerne Gateway, a 31,439-sq.-ft. office building located in Boerne, Texas.
Boerne Gateway is located directly off I-10 and comes with 3.81 acres of additional land. The elevated visibility and central location on Boerne’s Main street position this unique property for success in a market that has limited office supply. Partners Capital was able to capitalize on an asset with a primary location in one of the fastest-growing markets in the country. The property was designed by Lake|Flato, a San Antonio-based architecture firm.
“Boerne Gateway presented an opportunity to acquire a landmark asset from its original developer, and position it to reflect and attract the city’s ever-changing market demographics,” said Adam Hawkins, Senior Vice President and Shareholder of Partners Capital. “Boerne, Texas has historically been known as the ‘Gem of the Texas Hill Country’ and has recently become a top destination for executives to move and raise their families. We were thrilled to be able to invest in this up-and-coming market that harbors an abundance of untapped potential.”
Certain capital improvements have been earmarked for the property in an effort to increase overall visibility and upgrade the look and feel to more modern standards. Boerne Gateway additionally includes two land parcels, one of which occupies the corner of I-10’s frontage and South Main Street – representing an untapped opportunity to take advantage of market demand.
Lindsey Tucker will be providing leasing services and the NAI Partners property management team will be managing the property.
“I’m excited to help the Partners Capital team lease their new investment, which also happens to be in my hometown,” said Lindsey Tucker, Partner at Partners Real Estate Company. “The improvements that are planned for the property will undoubtedly enhance its charm and ensure it becomes an icon of Boerne’s office scene.”
Partners Capital found the opportunity through Equitable Commercial Realty (ECR) who represented the seller.
Partners Capital has completed over $155 million in transactions and has completed more than $350 million in transaction volume during the last five years. Its current portfolio comprises more than 1 million sq. ft. of retail, industrial, and office properties.
For additional information regarding Partners Capital, 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 Real Estate Company
Partners Real Estate Company (“Partners”) is the holding company of real estate investment and development platform Partners Capital, and commercial real estate services firm NAI Partners. Partners is a diversified investment, development, and services firm that creates tangible value for its investors, clients, and internal stakeholders using commercial real estate as the vehicle. Partners was founded and is headquartered in Houston, Texas, and owns, develops, leases, manages, and valuates commercial real estate in multiple geographical areas throughout the United States. Visit us on the web at www.partnersrec.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.