Wells Business Park Sale Comes on the Heels of Partners’ Austin Buy
Partners Capital, the investment platform of Partners Real Estate Company, recently sold Wells Fargo Business Park. The buyer was undisclosed.
The sale of the 104,212-square-foot north Houston flex property comes on the heels of Partners Capital’s recent acquisition of Oak Hill Plaza in Austin. Partners Capital originally acquired the two-building one-story Wells Fargo Business Park in 2018 through its Fund II investment vehicle.
“After we acquired Wells Fargo Business Park, we began substantially upgrading the tenant experience through our local hands-on management and leasing approach,” said Andrew Pappas, managing director of Partners Capital and partner of Partners Real Estate Company. “We also committed to strategic capital improvements, focusing on the building infrastructure and cosmetic enhancements, which drove tenant retention and new leasing.”
Partners Capital was represented by Trent Agnew and Charlie Strauss at JLL. The buyer was Hillview Capital Partners out of Dallas.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.