Inland Gobbles Up Southeastern Centers
Inland Retail Real Estate Trust has bought five grocery-anchored shopping centers located throughout Florida and Georgia. The aggregate price for the properties was $70.7 million — all of them were acquired in separate deals. All of the centers are anchored by Publix Super Markets.
Article Tools
Latest News
Most Popular Articles
advertisement
"We continue to target grocery-anchored shopping centers because they continue to be the best performers in the industry," says Steve Sanders, senior vice president of Inland Real Estate Acquisitions Inc. "Publix is the leading grocer in the Southeast and among the strongest in the nation."
The single most expensive property was the 289,110 sq. ft. Cortez Plaza in Bradenton, Fla. Inland paid Cortez Pointe LLC $26.2 million for the property. The lowest price Inland paid was $5.2 million for the 60,799 sq. ft. Houston Square in Warner Robins, Ga.
Want to use this article? Click here for options!
© 2010 Penton Media Inc.
Acceptable Use Policy blog comments powered by Disqus
Quick Poll
advertisement
NREI Interactive Products
-
Podcast
Commercial Real Estate: Hey, Save a Piece of Stimulus Pie for Me!
Following a year that saw the near meltdown of the banking system, 2010 could shape up to be a better year for investors, though perhaps not as robust as some would wish.
-
Podcast
Is the Recession Over?
Rick Mattoon, senior economist with the Federal Reserve Bank of Chicago, shares the latest numbers from the Fed's National Activity Index that show the economy is experiencing a fairly sharp rebound from the bottom of the Great Recession.
Webinars
2010: The Year of the Sale - Leaseback
This webinar provides brokers, bankers, developers, CFOs and real estate executives with a blueprint for accessing the many facets of the sale-leaseback model.
Blogs
-
Green Shoots
-
BlackSwan
-
Traffic Court
Current Issue
Marketplace Ads
advertisement
advertisement
advertisement
advertisement
