**Partners Capital Acquires Kessler Hills Shopping Center in Dallas**
Partners Capital has acquired Kessler Hills Shopping Center, a 102,020-square-foot retail center located at 1050 N. Westmoreland Road in the Kessler Park neighborhood of Dallas, Texas. The 10-acre property consists of two buildings and is currently 98.6% occupied. This acquisition marks the fifth property purchased through Partners Capital’s Opportunity Fund V.
Andrew Pappas, Partner and President of Partners Capital, remarked, “Its high occupancy rate and strong tenant mix offer immediate stable cash flow with considerable upside.”
Anchor tenants at the shopping center include Colaw Fitness and United Education Institute, in addition to several national retailers. Planned improvements to the property include upgrades to the retail frontage along Fort Worth Avenue, modernization of tenant signage, and enhancements to the monument sign to boost curb appeal.
Brent Reed of Veritex Community Bank provided financing for the transaction. William Harrison of Harrison Property Brokerage represented both the buyer, Partners Capital, and the seller.
Opportunity Fund V is Partners Capital’s current value-add investment fund, targeting acquisitions of industrial, retail, and office assets across major markets in Texas and the southeastern United States.
