HOUSTON-A joint venture between Inland Western Retail Real Estate Trust Inc. and RioCan Real Estate Investment Trust has acquired Sawyer Heights Village.
The 107,626-square-foot power center, located just outside the CBD, traded for $35 million. With the closing of Sawyer Heights Village, the JV owns 1.42 million square feet of grocery and necessity-based power centers, according to Shane Garrison, chief investment officer of Inland Western.
Garrison tells GlobeSt.com that the JV sourced the acquisition in an off-market transaction. The seller was Property Commerce, a Houston-based investment firm.
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