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Partners Capital Makes Fifth Acquisition of Third Fund
Partners Capital, the investment arm of NAI Partners, closed on Blanco Crossing, a 22,606-square-foot, 84% occupied retail property in North Central San Antonio. The acquisition is Partners Capital’s fifth and final acquisition in Fund III and the platform’s 14th deal overall.
“Our focus for Blanco Crossing will be on transforming the asset’s exterior façade in order to fully maximize our tenants’ visibility,” said Adam Hawkins, VP of acquisitions at Partners Capital. “We will work hand-in-hand with our tenants to help them grow, starting with a capital program to capitalize on Blanco Crossing’s premier and elevated location at the intersection of Blanco and Huebner Road.”
Hawkins and Andrew Pappas of the Partners Capital team worked with Marcus & Millichap’s Philip Levy and Jack Newman to close the deal, with financing provided by Peyton Jones at Veritex Bank in Houston. NAI Partners will handle leasing and management of the property.
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- ◦Sale/Acquisition
