Partners Capital’s Land Fund I makes first acquisition, purchasing 153 acres in Waco, Texas (2024)

Waco, TX, November 6, 2023 – Partners Capital, the investment platform of Partners Real Estate—one of the largest independent commercial real estate firms in Texas—announced it has acquired Waco Gateway Park, +/- 152 acres of raw land in the southwest quadrant of I-35 and Loop 340 in Waco, Texas. This tract of land is the first acquisition by Partners Capital’s Land Fund I, which launched in Q2 2023.

“Gateway Blvd is a critical artery for the City of Waco—a significant amount of truck traffic in this industrial corridor travels North/South along Bagby Avenue—and as part of our acquisition we will extend Gateway Blvd through our property, into an existing underpass at I-35, allowing truck and other vehicular traffic to have an easier and more direct route to access the interstate,” said Dan Moody, Managing Director of Partners’ Land Fund.

Added Mr. Moody, “This is a very strong pocket of the city and continues to perform well. The users here represent a very diverse group of industries and companies—from big box distribution with Amazon and Wal-Mart; to manufacturing and sales with Tractor Supply, Caterpillar, and Hello Bello baby products; to food processing by Mars and Coca-Cola. Additionally, Graphic Packaging International, recently announced plans to build a 650,000 SF facility adjacent to our property. Waco’s dynamic growth and potential as a hub in Texas make this investment pivotal for our stakeholders. As we forge ahead, we’re reminded that with every acquisition, we’re not just buying land, we’re investing in the communities and economies of tomorrow.”

Partners Land Fund I is focused on identifying and acquiring raw land in the major markets across Texas and the southeastern United States, with a focus on adding value to land via utility, road, entitlement, zoning and other strategies. Accredited investors can invest in Land Fund I—and all of Partners Capital’s current offerings—directly through the Partners Finance digital investment platform.

“Partners Capital is excited to reach the first Land Fund I milestone with the acquisition of Gateway Park in Waco, Texas,” said Andrew Pappas, President of Partners Capital. “Our commitment to delivering diverse investment strategies and opportunities to our investors propels our ongoing strategic growth.”

During the last seven 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 acquiring Waco Gateway Park, Partners Capital recently completed the first acquisition in its Opportunity Fund V, purchasing Westcliff Shopping Center, the platform’s first property acquisition in North Texas.

For additional information regarding Partners Capital, please contact Andrew Pappas at 713.629.0500. For Land Fund investment opportunities or inquiries, please contact Dan Moody at 713.985.4623 or via email here.

For more information, please contact Ash Harley-Majic, Marketing & Communications Manager, at 713.275.9641.

About Partners

Partners is one of the largest privately-held and independently-owned full-service commercial real estate firms in the U.S. Partners was founded and is headquartered in Houston and has offices in every major metro area in Texas as well as key geographies in the Southeastern United States; employs more than 250 real estate professionals; and arranges more transactions than any of its competitors, completing nearly 1,000 commercial lease and sale arrangements every year. Partners is a full-service commercial real estate firm providing client solutions via its services business for Office, Industrial, Retail, Land, Life Sciences, and Multifamily product types across Brokerage Services, which includes Tenant Representation, Investment Sales, and Land Sales; Investor Services, which includes Property Management, Project Leasing, Project Management, and Facilities Management; Valuation Services, which includes Valuation & Advisory, Litigation & Expert Witness Testimony, Property Tax Consulting, and Institutional Fund Valuation; and Project Services, which includes Construction Management and Space Management; and creating value for its investors through its Investments line of business, which includes its Partners Capital investment management platform specializing in the acquisition and disposition of office, industrial, and retail multitenant properties via multiple investment funds; Partners Development, which focuses on creating first-class development projects for our investors; and Partners Finance, which operates as a registered broker dealer offering real estate investment opportunities through qualified and experienced commercial real estate sponsors. Partners is the top Houston-based full-service commercial real estate firm on the Inc. 5000 list of fastest-growing private companies in America; the 3rd-largest Houston-Area Commercial Real Estate Brokerage and #1 Mover of Square Feet among leasing and sales brokerages in Houston; the only commercial real estate firm on the Houston Business Journal’s (HBJ) MidMarket 50 list; and ranks among the largest brokerages in every city we have an office location in. Partners also carries the unique dual designation of being recognized as the #1 company in Houston across all industries per the HBJ’s Best Places to Work (BPTW) competition and the #1 company in the Houston Chronicle’s Top Workplaces ranking. Visit us on the web at www.partnersrealestate.com