Rio Investments purchased The Legacy, a 353,000-square-foot retail center in San Antonio. The San Antonio Business Journal reports Nassau CorAmerica lent $37.8 million in acquisition financing to Rio Investments to help close the deal. Santikos Entertainment was the seller.
John Fenoglio and Brock Hudson, with CBRE’s Debt & Structured Finance group in Houston, arranged the financing.Â
The Legacy spans more than 32 acres at the northeast corner of Loop 1604 and U.S. 281. The property is anchored by a diverse mix of national and regional tenants and benefits from a high-profile location in one of San Antonio’s most active growth corridors, with proximity to Stone Oak and strong surrounding demographics.Â
The complex includes apartment communities, retailers like Best Buy and Main Event and a Home 2 Suites hotel.
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