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Inland JV Buys Infill Power Center for $35M

HOUSTON-A JV between Inland Western Retail Real Estate Trust Inc. and RioCan Real Estate Investment Trust buys Sawyer Heights Village.

By Jennifer Duell Popovec | Updated on July 06, 2011

HOUSTON-A joint venture between Inland Western Retail Real Estate Trust Inc. and RioCan Real Estate Investment Trust has acquired Sawyer Heights Village.

The 107,626-square-foot power center, located just outside the CBD, traded for $35 million.  With the closing of Sawyer Heights Village, the JV owns 1.42 million square feet of grocery and necessity-based power centers, according to Shane Garrison, chief investment officer of Inland Western. 

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