A San Marcos shopping center on Bugg Lane under new ownership

NAI Partners’ Investment Fund II, a Houston-based real estate firm, now owns a San Marcos shopping center that includes businesses, such as Pizza Hut, Half-Price Books and Nationwide Insurance.

“With San Marcos ranking as the fastest-growing city in the country for three years running, we were pleased to be able to find a value-add local asset that met our internal criteria and capitalizes on the area’s rapid growth,” said Andrew Pappas, the senior vice president of NAI Investment Fund.

The 73,105-square-foot multiuse office-and-retail shopping center located 900 Bugg Lane, is approximately 84 percent leased and is valued at $3.7 million, according to Hays Central Appraisal District records.

Josh Welch of NAI Partners’ Landlord Services division will manage the property.

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