Property Type

CORPUS CHRISTI, TEXAS — Rainier Realty Investments LP, an affiliate of Dallas-based The Rainier Cos., has acquired Moore Plaza, a 380,600-square-foot retail power center in Corpus Christi. The company purchased the big box center in a joint venture with CIL2 LLC, an institutional investment platform managed by Continuum Investments Ltd. The Class A center was 99 percent leased at the time of sale to national retailers such as Hobby Lobby, Stein Mart, Office Depot/Office Max, Old Navy and Party City. Metropolitan Capital Advisors arranged an undisclosed amount of acquisition financing for the transaction, which marks Rainier’s fourth investment in a retail power center over the past six months.

LEWISVILLE, TEXAS — Glowzone, an entertainment concept that offers laser tag, mini golf, rock climbing and bumper cars, will open a 46,039-square-foot center at Lakepointe Crossing in the northern Dallas metro of Lewisville. Glowzone, which has centers in California and Nevada and will soon enter the Houston market, joins tenants such as Academy Sports + Outdoors, home décor store At Home and furniture retailer Conn’s. Weitzman, which manages Lakepointe Crossing, represented the landlord in the lease negotiations. Colliers International represented Glowzone. The center is expected to open in October.