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Rainier Acquires 207,669 SF Retail Center in Dallas

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 near the intersection of Interstate 20 and U.S. Highway 67 in Dallas. Shadow-anchored by Target and Aldi, the property was 92 percent leased at the time of sale to tenants such as 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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