Analyst Research
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Provider: S&P Capital IQ Quantitative Report
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£38.00
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Inland Real Estate Corporation Announces Acquisition of Two Ohio Shopping Centers
Inland Real Estate Corporation announced the acquisition of two retail properties in Ohio for an aggregate purchase price of approximately $109.4 million, excluding closing costs and adjustments. On March 6, the Company purchased for its own portfolio the Westgate Shopping Center, a grocery-anchored power center located in Fairview Park, Ohio, for $73.4 million. In addition, on February 29 the Company acquired through its joint venture with PGGM the Stone Creek Towne Center, a power center located in the Cincinnati market, for $36 million.
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