{"id":1004487841,"date":"2020-10-28T04:23:05","date_gmt":"2020-10-28T12:23:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004487841"},"modified":"2020-10-28T04:42:36","modified_gmt":"2020-10-28T12:42:36","slug":"partners-capital-acquires-austin-retail-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/partners-capital-acquires-austin-retail-asset\/","title":{"rendered":"Partners Capital Acquires Austin Retail Asset"},"content":{"rendered":"<div id=\"attachment_1004487919\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Trails-at-620-e1603881064444.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004487919\" data-attachment-id=\"1004487919\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/partners-capital-acquires-austin-retail-asset\/trails-at-620\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Trails-at-620-e1603881064444.jpg\" data-orig-size=\"908,680\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Trails at 620\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Trails at 620. Image courtesy of Partners Capital&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Trails-at-620-e1603881064444.jpg?w=908\" class=\"wp-image-1004487919 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Trails-at-620-e1603881064444.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Trails-at-620-e1603881064444.jpg 908w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Trails-at-620-e1603881064444.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Trails-at-620-e1603881064444.jpg?resize=768,575 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004487919\" class=\"wp-caption-text\">Trails at 620. <em>Image courtesy of Partners Capital<\/em><\/p><\/div>\n<p>Partners Capital, the investment arm of NAI Partners has acquired a segment of Trails at 620, a retail property in Austin, Texas. JLL assisted the buyer, while Veritex Bank provided acquisition financing. The deal represents Partners Capital\u2019s fourth acquisition in Fund III and the platform\u2019s 13th deal overall. The NAI subsidiary&nbsp;owns a portfolio totaling more than 1 million square feet and more than 400 tenants.<\/p>\n<p>The buyer purchased seven of the 17 buildings at the Austin asset, which consist of 69,037 square feet. The tenant roster includes Freebirds, MattressFirm, AT&amp;T, and Summer Moon Coffee. The development also hosts Moviehouse &amp; Eatery, Holiday Inn and Whataburger, among others.<\/p>\n<p>Located at 8300 N. FM 620, on 15 acres, the buildings are within 5 miles of U.S. Route 183. Downtown Austin is 15 miles from the retail property.<\/p>\n<p>JLL Director Drew Fuller represented the buyer. Recently, the company secured&nbsp;a $28 million loan for the acquisition of&nbsp;Plano Office Center,<a href=\"https:\/\/www.commercialsearch.com\/news\/terracap-buys-suburban-dallas-office-park\/\"> a two-building office property<\/a> in Plano.&nbsp;TerraCap Management purchased the asset.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The buyer purchased seven of the property&#8217;s 17 buildings, which consist of 69,000 square feet.<\/p>\n","protected":false},"author":868,"featured_media":1004487919,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21743,21742,21749],"tags":[32796,40059,34063],"class_list":["post-1004487841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-deals","category-latest","category-retail","tag-jll","tag-nai-partners","tag-partners-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Partners Capital Acquires Austin Retail Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/partners-capital-acquires-austin-retail-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Partners Capital Acquires Austin Retail Asset\" \/>\n<meta property=\"og:description\" content=\"The buyer purchased seven of the property&#039;s 17 buildings, which consist of 69,000 square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/partners-capital-acquires-austin-retail-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-28T12:23:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-28T12:42:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Trails-at-620-e1603881064444.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"908\" \/>\n\t<meta property=\"og:image:height\" content=\"680\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/partners-capital-acquires-austin-retail-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/partners-capital-acquires-austin-retail-asset\/\",\"name\":\"Partners Capital Acquires Austin Retail Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/partners-capital-acquires-austin-retail-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/partners-capital-acquires-austin-retail-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Trails-at-620-e1603881064444.jpg\",\"datePublished\":\"2020-10-28T12:23:05+00:00\",\"dateModified\":\"2020-10-28T12:42:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/partners-capital-acquires-austin-retail-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/partners-capital-acquires-austin-retail-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/partners-capital-acquires-austin-retail-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Trails-at-620-e1603881064444.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/Trails-at-620-e1603881064444.jpg\",\"width\":908,\"height\":680,\"caption\":\"Trails at 620. 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