Covenant Management Systems Leases 9757 SF Office Space In Austin

The RMR Group has signed a new, 10-year lease with Covenant Management Systems for 9,557 square feet at Austin Surgical Plaza, a 78,789-square-foot Class A medical office building in Austin, Texas located at 6818 Austin Center Blvd. Covenant’s affiliated Austin Regional Clinic will open a specialty office in the space. The property, built in 1994, is situated on 6 acres and is home to Northwest Hills Surgical Hospital, ARA Diagnostic Imaging, Central Texas Spine Institute, and Plastic Surgery Center of Austin. The building is 7 miles from downtown Austin and is in close proximity to the MoPac Expressway, offering various shopping and dining options within walking distance.

Summary of transation details:

• Property Type: Office
• Transaction Amount: Not specified
• Landlord's Representative: Marshall Thurmond (Transwestern), William Stewart Smith (Fuller Realty Interests)
• Tenant: Covenant Management Systems
• Landlord: Diversified Healthcare Trust
• Square Feet: 9,557

The Transwestern team representing the landlord, Diversified Healthcare Trust, included Vice President Will Stewart and Associate Marshall Thurmond. On behalf of the tenant, Covenant Management Systems, George Baldwin of Peckar & Abramson facilitated the deal. Additionally, in January, The RMR Group, in collaboration with Office Properties Income Trust, secured two 10-year, full-building leases with government agencies in Boise, Idaho, covering more than 150,000 square feet of office space.