A joint venture between Developers Diversified and DRA Advisors LLC, on behalf of a group of institutional investors, sold a 320,000-square-foot shopping center in San Antonio, Texas.

The value of the transaction was approximately $58 million.

The property, La Plaza Del Norte, was sold to an undisclosed investor.

At the time of sale, the property was 95 percent leased to Cost Plus, Ross Stores, DSW Shoe Warehouse, Best Buy, Oshman’s Sporting Goods, OfficeMax, Petco and Beall’s.

Developers Diversified is a self-administered and self-managed real estate investment trust.

***

Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
We're here to help. Free 90-day trial for new subscribers.Click Here×