TEMPLE, TX-RioCan Real Estate Investment Trust, a real estate trust based in Canada, has acquired Bird Creek Crossing, a 425,000-square-foot shopping center on HK Dodgen Loop and I-35 in Temple. The REIT paid nearly $21.2 million for the retail center.
RioCan bought an 80% stake in the property, while the remaining 20% stake is owned by Inland Western Retail REIT, which will manage the center for the associate. For the full story, go to Austin Business Journal .
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