Partners Capital Acquires Dixie Farm Business Park Industrial Property With Financing From Veritex Community Bank

The industrial property involved in this transaction is located at 15255 Gulf Freeway in Houston. The asset spans 196,000 square feet and was 96% leased at the time of the sale. The property is part of the Dixie Farm Business Park and was acquired without disclosure of the seller or transaction price.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Buyer: Partners Capital
• Lender: Veritex Community Bank
• Leasing Status: 96% leased

Partners Capital plans to implement a value-add program for the property following the acquisition. The financing for the purchase was secured through Veritex Community Bank, indicating a financial partnership in the transaction.