Recent commercial real estate acquisitions
Below is a sampling of recent property transactions tracked by Real Capital Analytics. The largest completed transactions include a retail property in Texas and an apartment building in Pennsylvania.
In San Antonio, Thomas Enterprises sold outdoor retail center The Rim for $176.4 million to Hines Global REIT. The 786,445-square-foot property is currently 99.5 percent leased to a number of well-known tenants, including Best Buy, Dick’s Sporting Goods, JC Penney, Nordstrom Rack, Saks Off 5th and TJ Maxx. Hines Global REIT also acquired rights to 259,656 square feet currently under construction and expected to be completed by Dec. 31, 2014, and the right to purchase an additional 97,000 square feet expected to be constructed by Dec. 31, 2015.
To the east in Philadelphia, Lowe Enterprises, on behalf of an investment client,