Equity Street Capital Secures Loan On The RIM Mixed-Use Complex In San Antonio

The RIM is a mixed-use open-air shopping center located at 17503 La Cantera Pkwy in San Antonio. It consists of more than 1.6 million square feet of retail space and is part of a 1.8 million-square-foot mixed-use district that includes residential, office, and hotel spaces. The property is situated in northeast San Antonio, serving a trade area with over 706,000 residents and welcoming 16 million annual visitors. It is shadow anchored by major retailers such as Target, Lowe’s, and Lifetime Fitness.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: Not specified
• Market: Bart
• Borrower: Equity Street Capital
• Borrower's Representative: Rex Cruz (JLL)
• Lender: Unknown Correspondent life insurance company

The loan for the acquisition of The RIM was arranged by JLL with an affiliate of Heitman. The joint venture for the purchase of the property was between Big V Property Group and Equity Street Capital, with JLL representing the seller, HGR Liquidating Trust. Additionally, the JLL debt/equity team representing the borrower included Jim Curtin, Christopher Drew, Timothy Joyce, and Rex Cruz. The property boasts a diverse tenant mix with top brands such as TJ Maxx, Nordstrom Rack, Best Buy, and Ulta Beauty, among others.