Partners Land Fund I, the land investment vehicle sponsored by Partners Capital, the investment platform of Partners Real Estate, announced the sale of a 16.7-acre parcel at Waco Gateway Park in Waco, Texas, to Partners Development Company, Partners’ development arm.
The transaction, which closed in August, is the first major industrial sale to trade out of the 153-acre site, which was the first acquisition made by the fund in November 2023, when the property was zoned entirely for light industrial use.
Land Fund I will apply the sale proceeds to fund the construction of the park’s infrastructure, including the extension of Gateway Boulevard, connecting Bagby Avenue and the City of Waco’s primary industrial corridor directly to Interstate 35 through the middle of the park, as well as municipal utilities throughout.
The sale follows the fund’s first disposition at Waco Gateway, a 4.74-acre parcel along the Interstate 35 feeder road that closed to CarMax in April 2026.
