Dallas-based Rainier adds Lee’s Summit shopping center to its portfolio
The Rainier Companies acquired the SummitWoods Crossing shopping center in Lee’s Summit. The purchase gives the Dallas-based real estate investor two retail centers in the Kansas City area.
Rainier announced its purchase of SummitWoods on Thursday. It did not disclose a price or other details of the deal for the 545,204-square-foot retail center located southwest of the intersection of Interstate 470 and U.S. Highway 50.
RED Development built SummitWoods Crossing, which opened in 2011. The center’s…