Hines Global REIT recently acquired 796,445 square feet of The Rim, the largest outdoor retail center in San Antonio. Spanning more than 1.8 million square feet in all, The Rim – located at the northeast quadrant of the IH-10 West and Loop 1604 intersection – is home to an impressive list of retailers.
Hines’ portion, which was reportedly purchased from Thomas Land & Development for approximately $176 million and 99.5 percent leased, includes Best Buy, Dick’s Sporting Goods, JC Penny, Nordstrom Rack, Saks Off 5th, TJ Maxx and others. …Read Entire Post
Fashion retailer H&M recently announced that it will open a 27,000-square-foot store at The Shops at La Cantera, one of San Antonio’s premier retail destination centers. The store is slated to open in early 2014.
The project will be completed in at least three phases and will include a total of 200 warehouses. The first phase, consisting of 60 warehouses, should be finished by the end of 2014 or early in 2015. …Read Entire Post
Walmart Stores Inc. recently announced plans for a third Neighborhood Market in the San Antonio area. The latest location will be at Guilbeau Road and Tezel Road on the city’s Northwest Side, adjacent to the Village in the Woods Shopping Center. Construction on the store is slated to begin January 2014 and set to open next fall. …Read Entire Post
After months of rumors, California-based grocery chain Trader Joe’s recently announced plans to open a second San Antonio location.
The specialty grocer signed a lease for about 12,500 square feet at Sonterra Village, a shopping center to be developed at 403 N. Loop 1604 W which is situated between Blanco Road and Stone Oak Parkway in the Far North sector. …Read Entire Post
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