San Antonio, TX – May 5, 2021 – Equity Street Capital, in collaboration with partners Kimco Realty and Big V Properties, is thrilled to announce the successful acquisition of The RIM Shopping Center. This latest addition to our portfolio encompasses approximately 1,050,000 square feet of premier retail and restaurant space, situated within one of the largest mixed-use/lifestyle centers in Texas. Notably, The RIM ranks as the 10th most visited center in the United States.
As the new owners, we are enthusiastic about the opportunity to further enhance this already thriving destination. Our vision includes the expansion of The RIM with the addition of new restaurants and retail stores, contributing to its growth and success. Managed by Big V Property Group, the property is well-positioned to evolve as a dynamic hub for both locals and visitors to San Antonio.
The RIM not only stands as an established lifestyle property but has also solidified its status as a go-to destination in the region. We are committed to building on this foundation, creating an even more vibrant and appealing space for the community.
Paul Esajian & Than Merrill, founders at Equity Street commented: “We are proud to be part of this one of a kind asset with best in class partners alongside Big V and Kimco. This represents a significant opportunity for Equity Street Capital and its partners to add value and improve upon a great community in the San Antonio market.”
“We are thrilled to be acquiring The RIM, one of the largest properties in Texas with a vibrant mix of retail, multifamily and hospitality in one of San Antonio’s most desirable growth areas. The RIM is a logical choice for us and is highly complementary to our existing portfolio,” said Jeffrey Rosenberg, CEO of Big V.
He continued, “Our hope is to always be a part of the communities in which we do business, and that is the same for San Antonio. We appreciate the culture and history of the city and we also see continued growth on the horizon.”
With its impressive track record and strategic location, The RIM Shopping Center aligns seamlessly with Equity Street Capital’s dedication to advancing and elevating premier retail destinations.