Hines Global REIT Pays $176.4M For Texas Mall Space

Law360, New York (February 20, 2014, 12:31 PM EST) -- Real estate firm Hines announced Wednesday that Hines Global REIT Inc. has acquired Thomas Land & Development Inc.'s retail interest in The Rim, the largest outdoor retail center in in San Antonio, for $176.4 million.

Hines Global acquired 796,445 square feet of The Rim, which is a 1.8 million-square-foot outdoor retail center in Northwest San Antonio, for a contract purchase price of $176.4 million, exclusive of transaction costs and working capital reserves, according to a filing with the U.S. Securities and Exchange Commission. Hines Global said...
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