SAN ANTONIO--CBRE recently arranged $60.5 million in financing for Alamo Ranch, a 465,000-square-foot, class A shopping center in San Antonio.
“Toronto-based RioCan REIT purchased Alamo Ranch in a JV with Inland Western Retail REIT in 2011 from Archon Group,” Scott Lewis, CBRE senior vice president, told GlobeSt.com. “Two years later, RioCan bought out the 20 percent stake of Inland Western [now Retail Properties of America].”
CBRE worked on behalf of RioCan REIT to secure the non-recourse loan. The five-year, fixed rate interest-only loan was secured through Capital One Bank.
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