Rainier Realty Investments Acquires Wheatland Towne Crossing in Dallas

Wheatland Towne Center in Dallas was 92 percent leased at the time of sale. (Image courtesy of LoopNet Inc.) Wheatland Towne Center in Dallas was 92 percent leased at the time of sale. (Image courtesy of LoopNet Inc.)

Dallas — Rainier Realty Investments has acquired Wheatland Towne Crossing, a 207,669-square-foot retail center located in Dallas.

Shadow-anchored by Target and ALDI, the property was 92 percent leased at the time of sale to tenants including Party City, Office Depot, PetSmart and Dollar Tree. Sunny Sajnani of Metropolitan Capital Advisors arranged a $23 million, floating-rate bridge loan on behalf of Rainier for the acquisition of the center.

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