Plus   Neg

Inland Real Estate Announce Purchase Of Two Shopping Centers In JV - Quick Facts

Inland Real Estate Corporation (IRC) Thursday announced that its joint venture with PGGM has acquired two retail properties for an aggregate purchase price of approximately $43 million, excluding closing costs and adjustments.

The company stated that the joint venture has acquired Elston Plaza, a grocery-anchored center located in Chicago, Illinois, for $18.9 million. The joint venture has also purchased another grocery-anchored center, Brownstones Shopping Center, located in Brookfield, Wisconsin, for $24.1 million.

The venture anticipates placing financing on the assets at leverage levels consistent with its existing business plan.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Galaxy Entertainment Group (WYNN) Friday announced that it has agreed to purchase 5.3 million primary shares of Wynn Resorts Ltd. at a price of $175 a share, resulting in $927.50 million of gross proceeds to Wynn Resorts. The two sale, combined with a previous sale effectively eliminate ownership of founder and former CEO Steve Wynn in Wynn Resorts. Starbucks wants to be more efficient but it is risking the fragile loyalty of its most devoted customers. The ubiquitous chain plans a major push to get coffee lovers to use its mobile app to place their orders, but regulars prefer to buy their lattes by waiting in the queue. According to reports,... Taco Bell, the Mexican fast-food chain owned by Yum Brands Inc. (YUM), Thursday said it will start selling tortilla chips in grocery and convenience stores starting May. The chips will be available in Fire and Mild sauce packet flavors and also in a Classic flavor. "This launch of our first line...
comments powered by Disqus
Follow RTT