RioCan Awards Leasing Assignment of 1 Million Square Feet to UCR
SAN ANTONIO, Texas, February 26, 2014 – UCR, a leading retail real estate service provider, today announced it was recently awarded the assignments to list over 1,000,000 sf of retail space owned and managed by RioCan Real Estate Investment Trust.
UCR was selected to lease the 140,000 square foot retail center, Arbor Park, located at US 281 and Henderson Pass. Arbor Park is situated in a prime location at one of the region’s most highly visible intersections, Loop 1604 and US 281. The center is home to retailers including Michael’s, OfficeMax, Ross and Sprouts Farmers Markets. UCR’s Guyla Sineni, Managing Partner, and Craig Garansuay, Partner, market the property.
The new assignment comes in addition to the continued listing of the 900,000 square foot Alamo Ranch retail center at Loop 1604 and Culebra on San Antonio’s west side. RioCan recently acquired the Alamo Ranch retail center as part of its portfolio. UCR has been a part of the Alamo Ranch project since its development phase and continues to successfully market the center. UCR’s long standing presence in the commercial real estate community and knowledge of the local San Antonio market was instrumental in maintaining the assignment for Alamo Ranch and being awarded the Arbor Park listing. UCR’s Guyla Sineni, Managing Partner, and Craig Garansuay, Partner, market both the properties.
The RioCan Real Estate Investment Trust is headquartered in Toronto Canada with regional offices in New Jersey and Texas. RioCan owns and manages Canada’s largest national portfolio of shopping centres with ownership interests in a portfolio of 340 retail properties containing approximately 82 million square feet, including 47 grocery anchored and new format retail centres containing 13 million square feet in the United States (as at December 31, 2013).