Partners Real Estate lands industry veteran to oversee Central Texas

Partners Real Estate, formerly known as NAI Partners, has hired commercial real estate industry veteran Steve Druth as managing director of its Austin and San Antonio offices.

In his new role, Druth will lead the day-to-day operations of the company’s Central Texas offices, and focus on growing revenue, supporting the sales team, recruiting, providing office leadership and coordinating efforts with other offices and teams. Druth will report directly to Scott Lunine.

Prior to joining Partners, Druth accumulated 35 years of experience in commercial real estate brokerage, management and sales training. A previous agent at Marcus & Millichap in both Manhattan and Miami, Druth was also president and CEO of Druth Commercial Real Estate, focusing on investment sales and leasing. In that role, he became known for his leasing/marketing expertise and the high occupancy levels in his properties.

Most recently, Mr. Druth worked at Franklin Street, where he is based out of the firm’s Tampa headquarters. In addition to his role as a broker specializing in commercial investment sales, he was an accomplished commercial real estate coach, overseeing the development of 50 high-performing agents. In this role, he focused on helping the full-service commercial real estate firm grow throughout top metropolitan markets with the best professionals performing across all lines of business.

Partners Real Estate arranges 19,755-square-foot lease in Houston

Partners Real Estate recently arranged a 19,755-square-foot lease located at 8430 N. Sam Houston Parkway W in Houston.

Partners’ Travis Land represented the landlord, 8430 North Belt, LLC, in the transaction. Will Austin with Bridge Commercial Real Estate represented Tenant Ocean Edge Services.

Travis Land will be marketing the building next door at 8440 N Sam Houston Pkwy W, which will be available soon.

Partners Real Estate arranges lease with Texas Chiller Systems in San Antonio

Partners Real Estate recently arranged a 30,493-square foot office lease with Texas Chiller Systems located at 4441 Centergate Street in San Antonio, Texas.

Partners’ Kyle Kennan represented the tenant in the transaction. Colin McLellan with Llano Realty represented the landlord, EDG Centergate, LLC.

Partners Capital sells Blanco Crossing in San Antonio

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 arranges lease for Texas Installs, LLC in Schertz

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.