Partners Capital Acquires Industrial Property In Spring With Financing From Veritex Bank

The Old Town Spring Business Center, an industrial flex property in Houston, has been acquired by Partners Capital, the investment arm of Partners Real Estate. This property spans 196,000 square feet and includes four buildings along with two acres of undeveloped land for potential future expansion. The transaction was facilitated with acquisition financing from Veritex Bank, while the specific seller and sales price details have not been disclosed.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Buyer: Andrew Pappas - Partners Capital
• Lender: Veritex Bank
• Address: 27335 West Hardy Road
• Market: Spring
• Square Footage: 196,000

Andrew Pappas, representing Partners Capital, played a key role in the acquisition of the Old Town Spring Business Center. Veritex Bank provided the necessary financing for this property deal, showcasing the collaborative effort between the buyer, lender, and other involved parties in the successful acquisition of this substantial industrial asset.