Partners Capital, the investment arm of Partners Real Estate (Partners), has sold Blanco Crossing, a 22,606-square-foot retail center located at 19179 Blanco Road in San Antonio. The property was originally acquired by Partners Capital in 2020 through its third investment vehicle.
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 square feet. 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.
Partners Real Estate, one of the largest independent commercial real estate firms in Texas, arranged a 41,335-square-foot lease for Texas Installs, LLC located at 5800 Tri-County Parkway in Schertz, Texas.
Partners’ Chris Caudill and Troy Martin represented the tenant, Texas Installs, LLC in the transaction. Nick Prater with 4M Realty Company, represented the landlord, FHS Associates, San Antonio, LP.
Texas Installs, LLC is an appliance installation company headquartered in Houston. They have experienced a tremendous amount of growth and needed to expand their operations into the South Central Texas market.
JLL Capital Markets has closed the sale of and arranged the acquisition financing for Hartland Plaza, a 184,128-square-foot, Class A office asset located in the prime urban core of Austin, Texas.
JLL represented the seller, CIM Group. Additionally, JLL worked on behalf of the buyer to arrange acquisition financing for the transaction.
Built in 1984 and renovated in 2004 and 2017, the four-story Hartland Plaza is 92% leased with 4.4 years of WALT. The building is occupied by a diverse mix of 35 tenants that span 14 different sectors. Notable tenants include AQUILA, Zello, Rev, Munsch Hardt Kopft & Harr and Discovery Practice Management. The property includes a total of 633 parking spaces, which offers a ratio of 3.47 spaces per 1,000 square feet.
Situated at 1717 W. 6th St., Hartland Plaza sits at the intersection of West 5th and 6th Streets and MoPac (180,000 VPD), allowing convenient access to both the affluent neighborhoods of West Austin, including Tarrytown, Rollingwood and West Lake Hills, and Downtown Austin. It is within walking distance to over 15 bars and restaurants, Lady Bird Lake, the Roy and Ann Butler Hike and Bike and more first-class amenities. Additionally, Zilker Park, the University of Texas at Austin, Rainey Street and SOCO District are all within a 10-minute drive.
Mohr Capital, a privately held real estate investment firm, has added the 439,809-square-foot Foster Ridge II industrial property to its portfolio. The deal closed in March 2023.
Foster Ridge II is located at 7015 Lancer Blvd., San Antonio, Texas 78219 and was built in 2022. The building is fully leased to Tesla.
The property is a 36-foot clear cross-dock warehouse in one of the best industrial submarkets of San Antonio, where rents have continued to grow past $6 per square foot.
Mohr Capital purchased the property from Becknell Industrial. JLL’s Dustin Volz, Dom Espinosa and Trent Agnew represented the seller. Rodrigo Godoi negotiated the transaction on behalf of Mohr Capital.
Partners arranged the sale of 368 Acres of land located at N US Hwy 183 in Briggs, Texas.
Partners’ Aaron Gill and Todd Mahler represented the seller, Rex Douglas Michel, Jr. Substitute Trustee of The Wendell Rollins Hanson Trust, in the transaction.
Partners, one of the largest independent commercial real estate firms in Texas, arranged the sale of a 1,438-square-foot Take 5 retail store located at 98 Chris Kelley Boulevard in Hutto, Texas.
Partners’ Landan Dory represented the buyer in the transaction.