Partners Group and Spear Street Capital LLC Form Joint Venture to Acquire ~2.2 Million Square Feet
Funds managed and/or advised by Partners Group AG or its affiliates (“Partners Group”) formed a joint venture with affiliates of Spear Street Capital LLC (“Spear Street”) to acquire approximately 2.2 million square feet of office properties located in select suburban markets in Dallas, Chicago, Washington, D.C., Austin and Boston (the “Whetstone Portfolio”). Formerly owned by certain funds managed by Spear Street, the Whetstone Portfolio comprises The Campus at Legacy, a 726,700-square foot Class A office campus located in Plano, Texas; Atrium Corporate Center, a 467,000-square foot Class A office building located in Rolling Meadows, Illinois; Trinity Centre, a four-building, Class A office park totaling 488,200 square feet located in Centreville, Virginia; Research Park Plaza I & II, a 272,000-square foot Class A office project located in the Northwest submarket of Austin, Texas; and Riverworks Innovation Center, a 201,000-square foot Class A “brick and beam” office campus located in Watertown, Massachusetts. The transaction was led for Partners Group by its real estate secondaries investment team. Spear Street will continue to serve as the manager of the Whetstone Portfolio on behalf of the joint venture. Terms of the transaction were not disclosed. Accord Capital Partners LLC served as the exclusive financial advisor in connection with this transaction. ABOUT PARTNERS GROUP Partners Group is a global private markets investment management firm with over USD 55 billion in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, Denver, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Manila, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 850 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a major ownership by its partners and employees. For further information on Partners Group, visit: www.partnersgroup.com. ABOUT ACCORD CAPITAL PARTNERS LLC With headquarters in San Francisco and additional offices in Chicago and London, Accord Group Holdings LLC (“Accord”) harnesses a powerful combination of capital markets, investment management and principal investment capabilities for a wide variety of participants in the real estate private equity industry globally. Through Accord Capital Partners LLC, its broker/dealer affiliate in the United States, Accord provides advisory and capital raising services to its clients. For further information on Accord, visit: www.accord-group.net.