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TIC Firm Finds New Owners for The Shops at Westpointe

Portland-based RealNet Investments Buys 18,355-SF Shopping Center
By Brian Barga
November 14, 2006 | 2:08 P.M.

RealNet Investments LLC, on behalf of three tenant-in-common investors, purchased The Shops at Westpointe at 8403 State Highway 151 in San Antonio. RealNet refused to disclose the sales price but knowledgeable sources would value similar new developments in the area at the $200-to-$350-per-square-foot range. The Shops at Westpointe Ltd. sold the shopping center with a cap rate of 7.75% and was 95% leased at the time of sale.

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News | TIC Firm Finds New Owners for The Shops at Westpointe