Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade IRC now with 

Inland Real Estate Corporation (IRC: Quote) 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.

Click here to receive FREE breaking news email alerts for Inland Real Estate Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Testosterone, often considered as the "fountain of youth", is the major sex hormone in men, and as they age the level of this hormone also naturally declines. The condition in which the body doesn't produce enough testosterone is known as hypogonadism or simply, Low T. European Central Bank Executive Board Member Benoit Coeure and a Germany's Deputy Labor Minister Joerg Asmussen have urged Germany to cut taxes on wages and promote investment to revive the euro area economy. In a jointly-authored opinion piece for the German daily Berliner Zeitung and the French... In a historic referendum to decide whether Scotland should become independent from the United Kingdom, majority of voters polled against it. In a vote that saw an unprecedented turnout Thursday, the campaign in favor of Scotland remaining in the UK, "Better Together", received 2,001,926 votes, or 55 percent. The campaign in favor of Scottish independence, called "Yes Scotland", had the support o
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.