The transaction marks the third disposition completed within Partners Capital’s Opportunity Fund IV investment vehicle
Austin, TX – August 28, 2026 – Partners Capital, the investment platform of Partners Real Estate (“Partners”), today announced the sale of Oak Hill Plaza, a 115,512-sq.-ft. retail center located at 7101 State Hwy 71 in Austin, Texas, at the intersection of US Highway 290 West and Texas State Highway 71. The sale was brokered by Kyle Minter, James Sharpe V, and Cole Frantz of Newmark.
The disposition marks the third property sale completed by Partners Capital’s Opportunity Fund IV investment vehicle, following the sales of Murphy Southwest Business Center in December 2025 and 10849 and 10899 Kinghurst Drive in July 2024. Partners Capital originally acquired Oak Hill Plaza in August 2021.
“Oak Hill Plaza is a strong example of our value-add strategy in action: sourcing well-positioned retail assets in high-demand corridors, then executing a hands-on asset management plan that maximizes value at exit,” said Andrew Pappas, Partner and President of Partners Capital.
Oak Hill Plaza sits at the convergence of Hwy 290 W and Highway 71 W in Southwest Austin — an interchange commonly known locally as the “Oak Hill Y” and one of the region’s most heavily traveled retail corridors. The center is well occupied and includes The Picklr, Dollar Tree, AutoZone, Wells Fargo, Pluckers, and more.
“We acquired Oak Hill Plaza off-market in 2021, and our asset management team did an incredible job executing the business plan,” said Carson Grett, Vice President of Retail Acquisitions. “After five years of ownership the timing was right to exit. Investor appetite for Austin retail is strong, and very few centers of this quality are available for sale.”
The sale adds to an active year for Partners Capital, which recently announced the acquisition of Colonnade of McAllen, a 41,041-sq.-ft. retail center in McAllen, Texas and the second acquisition for Opportunity Fund VI, as well as the acquisition of Powers Ferry Business Park, a 261,949-sq.-ft. flex/service center in Atlanta and Fund VI’s first acquisition.
Over the past decade, Partners Capital has sponsored nine investment funds across three investment strategies, completing more than $875 million in transactions. The platform’s current portfolio totals more than 2.2 million sq. ft. across key markets in Texas and the Southeast.
Accredited investors can invest in Opportunity Fund VI, and in all of Partners Capital’s open offerings, through its broker-dealer, Partners Finance. To learn more about investing with Partners, please contact InvestorRelations@PartnersRealEstate.com.
For additional information regarding Partners Capital and its Opportunity Funds, please contact Andrew Pappas at (713) 629-0500.
About Partners
Partners is one of the largest privately-held and independently-owned commercial real estate firms in the U.S. with three key operating segments: 1) Full-service Occupier & Investor business; 2) Partners Capital, an investment management platform specializing in the acquisition and disposition of industrial, retail, healthcare, hospitality, land and office properties via multiple investment funds; and includes Partners Finance, a registered broker dealer and FINRA / SIPC member engaged in offering real estate investment funds and individual investment opportunities to qualified individual investors, family offices and institutions; 3) Partners Development, which creates first-class development projects for our clients & investors. www.partnersrealestate.com
