REOC San Antonio
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Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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RioCan purchased Alamo Ranch

Alamo Ranch Marketplace

RioCan Real Estate Investment Trust recently purchased Alamo Ranch, located in San Antonio, Texas. This is RioCan’s first acquisition in the San Antonio market.  

The 465,000 square foot property was built in 2008. The centre is 88% occupied and has a weighted average lease term of 6.6 years.

The property is shadow anchored by Target, JC Penney and Lowe’s. Major tenants at the property include Best Buy, Marshalls, Ross Dress for Less, and Dick’s Sporting Goods.

The property was acquired on an 80/20 joint venture basis with Inland Western (80% RioCan / 20% Inland Western) …

Click to read the full release: RioCan Real Estate Investment Trust Announces completion of Sheppard Centre and Alamo Ranch purchases (RioCan, 12-5-11).

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