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Matthew’s energy practice focuses on helping clients anticipate, avoid and mitigate potential disputes by developing and managing mega project construction contracts, strategic contracting methodologies and supply chain optimization, with an emphasis on the energy value chain, infrastructure and manufacturing sectors. He is a former in-house counsel to both a global contractor and a supermajor energy company.
Partners Capital, the investment platform of Partners Real Estate (“Partners”), announced today that Alex Board has been appointed Senior Vice President of Finance. In his new role, Mr. Board will oversee the finance and accounting functions for Partners Capital.
“Alex is an exceptional financial leader, bringing significant expertise from his role as Deputy CFO at Silver Star Properties and his background with a Big Four accounting firm,” said Andrew Pappas, Partner and President of Partners Capital. “We’re eager to leverage his proven ability to optimize operational efficiency, navigate complex regulatory landscapes, and cultivate high-performance teams, all of which will further elevate the service we provide our investor clients.
Previously, Mr. Board served as the Deputy Chief Financial Officer and Principal Accounting Officer at Silver Star Properties REIT. There, he managed financial reporting and treasury operations for an organization with $100 million in annual revenue and $600 million in assets. Among his many achievements, Mr. Board played a vital part in a successful merger integration, multiple debt refinancing, and property acquisitions and dispositions.
“I’m thrilled to become a part of the Partners Capital team,” said Mr. Board. “Partners’ reputation and vision are truly impressive, and I’m eager to contribute to its financial leadership and help drive the firm’s future growth.”
During the last eight years, Partners Capital has sponsored seven investment funds across three investment strategies and completed more than $600 million in transactions. Its current portfolio includes more than 1.4 million sq. ft. of properties throughout major markets in Texas and the Southeast.
For additional information regarding Partners Capital please contact Andrew Pappas at (713) 629-0500.
Cravey Real Estate Services, Inc.‘s John Foret represented the seller, Ken Garner Manufacturing, in the sale of a major industrial facility at 203 Wayne Watkins Drive in Victoria, Texas.
This high-profile transaction marks a significant milestone for the region’s industrial and economic development landscape.
The 41,829-square-foot facility, located within a 16-acre industrial park, was listed for $7.5 million. Purpose-built for heavy manufacturing, the property’s construction is designed to accommodate demanding industrial operations.
Notable features include a soaring 30 foot clear height, 90 tons of HVAC capacity serving the main warehouse and the engineered 8 inch concrete slab reinforced with double mat rebar. This heavy-duty foundation significantly increases the floor’s load-bearing capacity, making it ideal for supporting the weight and vibration of large industrial machinery and equipment. Additional highlights include five overhead cranes (four 25-ton and one 7.5-ton), dual high-capacity electrical service panels and full access to municipal utilities.
The facility’s resiliently engineered construction and integrated systems make it ideal for high-volume fabrication, assembly or specialized industrial use. Designed to meet stringent manufacturing demands, the property also features windstorm engineering, climate-controlled warehousing and over $2,500,000 in crane and handling infrastructure.
The transaction was managed by Cravey’s John Foret, whose industrial market expertise and diligence throughout the process earned praise from the seller. Ken Garner, Chairman of Ken Garner Manufacturing, remarked, “You were diligent and professional throughout the process and a valuable resource for advice. You showed a deep knowledge of industrial property that I think is uncommon for real estate representatives.” Garner added that the company was confident it “could not have made a better choice” in selecting Foret and Cravey Real Estate Services to lead the transaction.
Marcus & Millichap closed the sale of Candlewood Suites Pearland, an IHG Hotel in Pearland, Texas.
Skyler Cooper, senior vice president in Marcus & Millichap’s Dallas office, exclusively marketed the property on behalf of the seller with support from Chris Gomes and Allan Miller of the Miller-Gomes Hotel Group of Marcus & Millichap. The buyer was procured by Cooper, Gomes and Miller.
The Candlewood Suites Pearland is a three-story, 76-room hotel at 9015 Broadway St., near major thoroughfares including State Highway 288, State Highway 35 and Interstate 45. Amenities include a fitness center, business center and 24-hour market. Nearby demand drivers include NRG Park, which draws 5.5 million visitors annually, and the Texas Medical Center, the world’s largest medical complex.
Arden Logistics Parks (ALP), the national logistics real estate operating platform of Arden Group, has reaffirmed its long-term commitment to North Park 34 in North Houston, Texas, with a significant capital reinvestment following a successful refinance.
The $8 million allocation is funding a comprehensive improvement initiative across the 865,000-square-foot, 34-building industrial park to enhance tenant experience and drive continued leasing success.
Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, serves as the exclusive leasing team for North Park 34. Vice President Abraham Richardson, Senior Associate Meg Zschappel, and Associate Zach Young lead the leasing efforts on behalf of ALP.
Since acquiring the park in late 2021, ALP has transformed North Park 34 into a modern industrial campus designed to meet the evolving needs of today’s users. Extensive upgrades have been completed across the park, including full exterior repainting of all buildings, energy-efficient LED lighting enhancements, and the installation of drought-tolerant landscaping to reduce environmental impact.
Additionally, 30 vacant suites have undergone full interior renovations, and ongoing make-ready work has ensured that available spaces are delivered in turnkey condition for immediate occupancy. So far in 2025, ALP has completed 24,442 square feet of delivered make-ready projects, with an additional 71,319 square feet of pending projects scheduled for completion this year.
As a result of the improvements, North Park 34 has executed 48 leases totaling nearly 252,000 square feet over the past 12 months. The repositioning efforts have translated into a 90% tenant retention rate, demonstrating the value of ALP’s investment in the park’s physical condition and tenant experience.
North Park 34, located near the intersection of Beltway 8 and the Hardy Toll Road, offers immediate access to Interstate 45, Interstate 69, and George Bush Intercontinental Airport. The park provides a wide variety of suite sizes, ranging from 1,500 to 40,000 square feet, and features grade-level, semi-dock, and dock-high loading options. With ample surface parking, on-site property management, and a refreshed visual identity, the property continues to attract high-quality industrial users seeking move-in-ready space in a core infill location.
ALP intends to continue investing in the park with further suite upgrades, building systems enhancements, and tenant-focused offerings that support long-term occupancy and growth.
Howard Hughes Holdings Inc. acquired 10101 Woodloch Forest Drive in the community of The Woodlands in Texas.
The Class-A office building, which will be renamed 7 Waterway, adds over 200,000 square feet of available office space to the company’s growing portfolio in the highly desirable Waterway District. The eight-story building, purchased for $16.3 million, sits on a 1.6-acre site, with 700 parking spaces in an adjacent garage owned by the company under a perpetual parking agreement. The unoccupied building provides Howard Hughes with the immediate ability to offer in-demand Class A office space in the region’s highest-performing office submarket.
Originally built in 2009, 7 Waterway boasts close proximity to I-45 and convenient access to world-class amenities within walking distance, including 645 hotel rooms; more than two million square feet of shopping and dining at Waterway Square, Market Street, and The Woodlands Mall; as well as 1,157 luxury multifamily units.