{"id":1004018229,"date":"2010-03-09T01:05:47","date_gmt":"2010-03-09T09:05:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004018229"},"modified":"2022-12-08T06:01:32","modified_gmt":"2022-12-08T14:01:32","slug":"inland-completes-424m-3-5-million-sf-acquisition","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/inland-completes-424m-3-5-million-sf-acquisition\/","title":{"rendered":"Inland Completes $424M, 3.5 Million SF Acquisition"},"content":{"rendered":"<p>March 9, 2010<br \/>\nBy Barbra Murray, Contributing Editor and Allison Landa, News Editor<\/p>\n<p><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/03\/TIAA-Sarasota-Pavilion-4.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004018230\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/inland-completes-424m-3-5-million-sf-acquisition\/tiaa-sarasota-pavilion-4\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/03\/TIAA-Sarasota-Pavilion-4.jpg\" data-orig-size=\"2093,1525\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"TIAA &#8211; Sarasota Pavilion 4\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/03\/TIAA-Sarasota-Pavilion-4.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/03\/TIAA-Sarasota-Pavilion-4.jpg\" alt=\"\" title=\"TIAA - Sarasota Pavilion 4\" width=\"150\" height=\"150\" class=\"alignright size-thumbnail wp-image-1004018230\" \/><\/a><\/p>\n<p>Inland Real Estate Acquisitions Inc. has completed a $424 million acquisition of 16 shopping centers comprising 3.5 million square feet. The acquisition was made from a joint venture between TIAA-CREF and Developers Diversified Realty.<\/p>\n<p>The portfolio includes the Sarasota Pavilion, Gateway Market Center, Boynton Commons, Sand Lake Commons, Paradise Place and Universal Plaza in Florida, Bartow Marketplace, Hiram Pavilion, Venture Point, Pleasant Hill Square, Stonecrest Marketplace, and City Crossing in Georgia, Sycamore Commons and Gateway Plaza in North Carolina, Anderson Central in South Carolina, and Ward\u2019s Crossing in Virginia.<\/p>\n<p>&#8220;These core retail properties offer an outstanding opportunity for growth and stable returns,&#8221; Mark Cosenza, Vice President of Inland Real Estate Acquisitions, told <em>CPE <\/em>with regard to the newly acquired portfolio. &#8220;They are anchored by value and necessity retailers, which are performing well in today\u2019s market. There has been a fundamental shift in consumer attitudes, and these types of retailers will continue to perform during and even after the economic recovery process. <\/p>\n<p>More acquisitions are on the horizon for Inland this year. &#8220;There are excellent buying opportunities out there,&#8221; Cosenza said, &#8220;and we will continue to acquire core properties supported by strong demographics in good locations.&#8221;<\/p>\n<p>Inland Real Estate Acquisitions is the purchasing arm for various entities that are a part of The Inland Real Estate Group of Companies, Inc. The company is headquartered in Oak Brook, Ill.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inland Real Estate Acquisitions Inc. has completed a $424 million acquisition of 16 shopping centers comprising 3.5 million square feet.<\/p>\n","protected":false},"author":936,"featured_media":1004018230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,21749],"tags":[],"class_list":["post-1004018229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Inland Completes $424M, 3.5 Million SF Acquisition - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/inland-completes-424m-3-5-million-sf-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inland Completes $424M, 3.5 Million SF Acquisition\" \/>\n<meta property=\"og:description\" content=\"Inland Real Estate Acquisitions Inc. has completed a $424 million acquisition of 16 shopping centers comprising 3.5 million square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/inland-completes-424m-3-5-million-sf-acquisition\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-03-09T09:05:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T14:01:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/03\/TIAA-Sarasota-Pavilion-4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2093\" \/>\n\t<meta property=\"og:image:height\" content=\"1525\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/inland-completes-424m-3-5-million-sf-acquisition\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/inland-completes-424m-3-5-million-sf-acquisition\/\",\"name\":\"Inland Completes $424M, 3.5 Million SF Acquisition - 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