OAK BROOK, Ill.--(BUSINESS WIRE)--Inland Real Estate Acquisitions, Inc. announced today that it facilitated the acquisition of 13 properties purchased in October by Inland related parties. The acquisitions total more than 1.65 million square feet across nine states for a total purchase price of more than $432.2 million. The properties acquired include a student housing community with 765 beds, six shopping centers and single-tenant retail stores.
The 13 properties consist of: Arcadia Student Living, a student housing community at the University of North Carolina at Charlotte that has 205 units with 765 beds sold by Sanctuary Companies; Oquirrh Mountain Marketplace, a multi-tenant retail center anchored by Sprouts Farmers Market, located in South Jordan, Utah; The Village at Burlington Creek, a 158,046-square-foot retail center with more than 45 tenants, located in Kansas City, Missouri; Blossom Valley Plaza, a 111,558-square-foot shopping center in Turlock, California; Marketplace at El Paseo, a 224,683-square-foot shopping center located in Fresno, California, with a roster of national tenants; Settlers Ridge, a 472,572-square-foot property anchored by Market District, located in Pittsburgh, Pennsylvania; Milford Marketplace, a 112,257-square-foot shopping center located in Milford, Connecticut; a portfolio of four Walgreens stores all located within the Chicagoland area; a Walgreens located in Memphis, Tennessee; and a BJ’s Wholesale Club with 87,688 square feet located in Ithaca, New York.
“Closing on 13 income-producing properties, resulting in a total of 1.65 million square feet, makes October one of our best months this year,” said Joe Cosenza, president of Inland Real Estate Acquisitions, Inc. and vice chairman of The Inland Real Estate Group, Inc. “We look forward to ending this year on a strong note by continuing to facilitate the purchase of properties that are stable, newly-constructed and ideally located.”
To date, Inland Real Estate Acquisitions, Inc. has facilitated more than $40 billion of purchases including retail centers, apartments and single-tenant properties.
About Inland Real Estate Acquisitions, Inc.
Inland Real Estate Acquisitions, Inc. is the purchasing arm for various entities that are a part of The Inland Real Estate Group of Companies, Inc., a group of independent legal entities, some of which may be affiliates, share some common ownership or have been sponsored or managed by Inland Real Estate Investment Corporation or its subsidiaries (collectively, “Inland”). For additional information, please refer to Inland’s website at www.inlandgroup.com.