A venture led by RioCan REIT has completed the acquisition of Lincoln Square retail center in Arlington, Texas, Commercial Real Estate Direct reports. The real estate investment trust has paid a total of $70.7 million for the acquisition. The property is about 92% rented to Ross Dress for Less, Best Buy, Bed, Bath & Beyond and PetSmart. The Toronto-based REIT owns 82% of the venture, while Dunhill Partners hold the remaining 18%.
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