Companions Capital has offered San Marcos Place, a 73,105-square-foot retail middle in San Marcos, Texas, midway between Austin, Texas, and San Antonio. The undisclosed purchaser is predicated in Austin. SRS Actual Property Companions Senior Vice President Cathy Nabours and Vice President Kyle Shaffer represented the vendor.
Again in June 2018, Companions Capital acquired the property by way of Companions Alternative Fund II, a direct lending fund managed collectively by Profit Road Companions and Windfall Fairness Companions. The sale of San Marcos Place marks the closing of the automobile.
San Marcos Place is a two-building property that got here on-line in 1985 and was renovated in 2017. On the time of this most up-to-date sale, the retail middle was 82 % leased. The tenant roster consists of the Social Safety Administration, USPS, Lendmark Monetary Providers, Republic Finance and Austin Weight Loss, amongst others.
The property is at 900 Bugg Lane, on the intersection between Freeway 80 and Interstate 35. Downtown San Marcos is lower than 2 miles west and San Marcos Regional Airport some 3 miles away. A Walmart Supercenter and the multitenant Sanmar Plaza are simply throughout the road.
Final yr, the corporate additionally launched Companions Alternative Fund V, which targets retail, alongside industrial and workplace. As of August 2024, the corporate had already purchased three belongings by way of this value-add automobile, debuting with a shopping mall in Fort Price.
