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Texas  + Retail  | 

Partners Capital Adds Trails at 620 to Portfolio

Partners Capital, the investment arm of NAI Partners, closed on Trails at 620, a retail property located at 8300 N FM 620 in Austin. The Partners Capital team worked with JLL’s Drew Fuller to close the deal, with financing provided by Peyton Jones at Veritex Bank in Houston.

Partners acquired seven of the 17 buildings at Trails at 620, which total 69,037 square feet on 15 acres. In the process, the platform added some high-profile tenants to its portfolio, including Freebirds, MattressFirm, AT&T, and Summer Moon Coffee. Other owners at the development include Moviehouse & Eatery, Holiday Inn, Whataburger, and Flores Mexican Restaurant.

This acquisition is Partners Capital’s fourth acquisition in Fund III and the platform’s 13th deal overall, pushing its portfolio to 1.2 million square feet and more than 400 tenants. Partners Capital is kicking off Fund IV in the next few weeks, with plans to raise $50 million.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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