Connect Media > Texas News > Austin > Fund II Closes on 73K-SF San Marcos Place
San Marcos Place, San Marcos

July 10, 2018 Comments Off on Fund II Closes on 73K-SF San Marcos Place Views: 3544 Austin, Texas News

Fund II Closes on 73K-SF San Marcos Place

Order Reprints...

NAI Partners’ Investment Fund II acquired its first property, nabbing the 73,105-square-foot, mixed-use San Marcos Place. The asset at 900 Bugg Lane in San Marcos, represents the fifth transaction completed in the past year by NAI Investment Fund, which is NAI Partners’ private equity arm.

San Marcos Place is a four-building property with offices and retail space. The asset is 84% occupied to a roster of national and local credit tenants, including Pizza Hut, Half-Price Books, and Nationwide Insurance.

Andrew Pappas and Adam Hawkins of NAI Partners’ Investment Fund sourced, negotiated, and closed the transaction. The seller is listed at Robb Lane Ltd., which is tied to Weitzman. NAI partnered with Peyton Jones of Green Bank for debt financing, with equity funded exclusively by NAI Investment Fund II. Cathy Nabours of HFF represented the seller.

Connect with NAI Partners’ Pappas

Connect with NAI Partners’ Hawkins

Connect with HFF’s Nabours

Get CRE News in 150 words

For comments, questions or concerns, please contact Amy Sorter

Tags: ,

Comments are closed.