Jul 14, 2017
Wheatland Towne Crossing sells in Dallas
DALLAS – Rainier Realty Investment acquired Wheatland Towne Crossing, a 207,669-sf shopping center in Dallas, from Kite Realty Group. Located at 2525 W. Wheatland Rd., at the intersection of I-20 and...
DALLAS – Rainier Realty Investment acquired Wheatland Towne Crossing, a 207,669-sf shopping center in Dallas, from Kite Realty Group.
Located at 2525 W. Wheatland Rd., at the intersection of I-20 and S.G. Alexander Fwy., Wheatland Towne Crossing is approximately nine miles from downtown Dallas.
The shopping center is shadow-anchored by Target and ALDI. Tenants include Office Depot, Sprint and Conn’s.
As of last year (2016), the average household income within a ten-mile radius was more than $58,000. These demographics will likely continue to drive retail sales growth in the region.
At the time of sale, the property was 92 percent occupied. The new owners plan to keep existing tenants and to reposition the remaining vacant space.
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