The RMR Group Inc. announced that Everi Games Holding Inc. recently signed a full-building, five-year lease extension at 206 Wild Basin Road in Austin. The two-story, 51,000-square-foot office building is part of an office park totaling more than 118,000 square feet. The property is managed by The RMR Group, who were represented in the transaction by Kevin Granger and Matt Frizzell of Cushman & Wakefield. Everi Games Holding Inc. was represented by Diana Holford and Austin Trees of JLL. “We are proud that Everi Games Holding Inc. has renewed its lease at 206 Wild Basin Road, which underscores RMR’s commitment to providing excellent customer service and our flexibility to accommodate our tenants’ needs,” said Marc Krohn, senior area director, The RMR Group. Situated on 2.6 acres with ample green space, 206 Wild Basin Road is in close proximity to Texas State Highway Loop 360, offering access to Austin’s central business district and the Greater Austin Metropolitan area. The Wild Basin Wilderness Preserve, which contains over 227 acres of trails and green space, is adjacent to the property.

BHW Capital and Gray Street Partners recently completed the sale of the Park on Wurzbach apartments in San Antonio. Venterra acquired the asset for an undisclosed sum. The 264-unit, class A multifamily project was developed as a joint venture partnership between BHW and Gray Street in late 2018. The sale was negotiated on behalf of the seller by the BHW team of Martin Bronstein, Ralph Howard and Bryan Tran. Venterra was represented in house by Hugh Brantley and Dror Goldberg. Acquisition financing was arranged by a collaboration between Matthew Bronstein of NorthMarq’s Houston office and Faron Thompson and Ali Meek of NorthMarq’s Atlanta office. Scott LeMontagne, Moses Siller, and Zar Haro of NorthMarq Multifamily’s Central Texas investment sales team consulted the seller on the sale. Park on Wurzbach was awarded the 2018 New Construction Garden Apartment of the Year by the San Antonio Apartment Association. The property features a mix of one-, two- and three-bedroom units each finished with stainless steel appliances, granite countertops, built-in desks and in-unit washer and dryers. Community amenities include a resort-style pool, full-circuit fitness center, yoga and spin studios, business center, bark park and clubhouse.

Partners Capital—the investment arm of NAI Partners—has closed on Trails at 620, a retail property located at 8300 N FM 620 in Austin. “Our team is excited to bring some new energy to Trails at 620,” said Andrew Pappas, head of Partners Capital. “The retail center is an integral part of the local community and we are confident that tenants and neighboring residents will be pleased with our plans for the development.” The Partners Capital team worked with Drew Fuller at JLL 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 consist of 69,037 square feet located on 15 acres, and 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. “We look forward to sharing our vision and collaborating with all property owners at Trails at 620 to bring new life to the entire development,” said Adam Hawkins, vice president at Partners Capital. 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 over 400 tenants. Partners Capital is kicking off Fund IV in the next few weeks, where it plans to raise $50 million.