Rainier Realty Purchases 150,582-Square-Foot Retail Power Center in San Antonio

by Alex Tostado

San Antonio — Dallas-based Rainier Realty Investments LP has purchased HEB Crossing, a 150,582-square-foot retail power center in northwest San Antonio.

Shadow-anchored by a 182,000-square-foot H-E-B grocery store, the property was fully leased at the time of sale to anchor tenants Conn’s HomePlus and Academy Sports + Outdoors, as well as smaller users like Starbucks Coffee, Chase Bank and H&R Block. Rainier acquired the asset via a joint venture with an affiliate of Continuum Investments LLC. The seller was not disclosed. Metropolitan Capital Advisors arranged acquisition financing for the transaction.

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