Partners Capital acquired Kessler Hills Shopping Center, a 102,020-square-foot shopping center located at 1050 N Westmoreland Rd in the Kessler Park neighborhood of Dallas, Texas. The 10-acre, two-building retail property is currently 98.6% occupied and is the fifth property to be acquired through Partners Capital’s Opportunity Fund V.
Andrew Pappas, Partner and President of Partners Capital added, “Its high occupancy rate and strong tenant mix offer immediate stable cash flow with considerable upside.”
Kessler Hills Shopping Center is anchored by tenants like Colaw Fitness and United Education Institute, alongside other national retailers. Plans include upgrading the retail frontage along Fort Worth Avenue, modernizing tenant signage, and enhancing the monument sign to improve curb appeal.
Brent Reed at Veritex Community Bank financed the acquisition. William Harrison of Harrison Property Brokerage represented Partners Capital and the Seller in the transaction.
Opportunity Fund V is Partners Capital’s current value-add fund focused on acquiring industrial, retail, and office assets in the major markets across Texas and the southeastern United States.
