Partners

Please join us in congratulating Griff Bandy on his 20-year anniversary!

Partners Capital today announced the successful disposition of 10849 & 10899 Kinghurst Drive, marking the first sale from its Investment Fund IV portfolio. The industrial/flex property was acquired in September 2022. The multi-tenant flex service center was 100% leased at sale features approximately 52,781 rentable square feet on 4.56 acres. Built in 1981, the all-brick facility is comprised of two small-bay light industrial buildings offering office space at the front and warehousing and loading at the back of each building. During the last eight years, Partners Capital has sponsored seven investment funds across three investment strategies and completed more than $500 million in transaction volume. Its current portfolio comprises more than 1.4 million sq. ft. of properties located throughout Texas’ major markets. Prior to selling 10849 & 10899 Kinghurst Drive, Partners Capital completed the second acquisition in Opportunity Fund V by purchasing Old Town Spring Business Park. https://lnkd.in/ghqNE76a

Partners today announced that Joan Collum has joined the company as a Partner. Joan, a seasoned retail broker specializing in retail leasing and tenant representation will be based in Partners’ Houston office. Over the past 30 years, Joan has exclusively represented major brands such as Michaels, Pier 1 Imports, Applebee’s, Office Depot, Bar Louie, La Madeleine, and Popeye’s in the Houston market. Currently, she continues to represent Office Depot and Floor and Décor. Additionally, Joan handles leasing responsibilities for her own developments, including Seguin Marketplace, 1242 Witte Road, and Tomball Marketplace, and sources development opportunities in Houston and South Texas markets. https://lnkd.in/gsZuk4JC

"The vacancy rate for retail space is sitting at 4.1%, below the 5% threshold under which it is generally considered to be a landlord’s market, said Steve Triolet, Senior Vice President of Research and Market Forecasting at commercial real estate firm Partners. Average annual rent is $19.68 a square foot, the highest on record, he said. About 300,000 more square feet of space was vacated than was filled during the first quarter, with about 54,000 square feet of that tally stemming from a shuttered call center that was classified as a retail building. 'Mostly absorption is going into new product that’s being delivered, but there’s not much that is being delivered, so it’s kind of a catch-22,' Triolet said. 'There’s demand out there, but it’s not reflected as much in the absorption numbers because of the super tight vacancy rate.'" https://lnkd.in/g2PnM8du

Interested in investing in commercial real estate? Join us for an exclusive webinar on Wednesday, July 17, at 10:30 a.m. diving into the unparalleled investment opportunities in the Sunbelt's booming hotel market. Discover why mid-sized cities such as Albuquerque, San Antonio, and Huntsville, along with suburban areas around major hubs like Atlanta, Dallas, Nashville, and Phoenix, are poised for growth in the upcoming hotel cycle. Click here to register: https://lnkd.in/gFDXJZaf And accredited investors can follow this link to sign up to invest online directly through Partners Finance: precfinance.com Disclosure: Securities offered through Partners Finance, member FINRA / SIPC. Investing in private placements is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. Some of the risks of investing in real estate include changing laws, including environmental laws; floods, fires, and other acts of God, some of which may not be insurable; changes in national or local economic conditions; changes in government policies, including changes in interest rates established by the Federal Reserve; and international crises.

Partners’ Office Tenant Rep and Project Leasing professionals exceed industry standards by focusing on our relationships with our clients. Whether you’re an occupier, owner, or investor in Austin, San Antonio, Dallas, Houston, or Atlanta, Partners’ full service commercial real estate services and investments platform empowers our professionals to leave no stone unturned in finding the very best solutions for our clients.

As we gather to celebrate Independence Day, let's appreciate how our nation's history continues to shape modern commercial real estate. From historic landmarks to contemporary spaces, these stories remind us of our unity, resilience, and pursuit of dreams. Partners is proud to be part of your commercial real estate journey. Happy Independence Day!

"Data from Houston-based Partners Real Estate shows that there was about 5.6 million square feet of industrial space under construction in the Georgetown submarket as of the first quarter, roughly 34% of the total construction in the Austin metro. That included about 666,000 square feet of flexible industrial space, which had a vacancy rate of 9% — less than the overall vacancy rate of 9.1% for all products across the Austin metro." https://lnkd.in/gTEJrYXd

What do all of these faces have in common? They are all recent additions to the Partners team. This week, meet Jeremy Brubaker, Partner on our Office Tenant Representation team in the company’s Dallas office. Why did Jeremy decide to #PartnerUp? Reach out to Partner and EVP SCOTT LUNINE to find out why the industry's top professionals are choosing to turbocharge their careers at Partners.

In today's commercial real estate landscape, sustainability is more than just a buzzword; it's a critical component of responsible development. Green building certifications, such as LEED (Leadership in Energy and Environmental Design), BREEAM (Building Research Establishment Environmental Assessment Method), and WELL Building Standard, play a pivotal role in promoting sustainable practices. https://lnkd.in/gwSGTJsd