{"id":1004057458,"date":"2013-01-09T14:37:30","date_gmt":"2013-01-09T22:37:30","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=93919"},"modified":"2022-12-07T15:10:44","modified_gmt":"2022-12-07T23:10:44","slug":"inland-diversified-pays-296m-for-1-7-msf-retail-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/inland-diversified-pays-296m-for-1-7-msf-retail-portfolio\/","title":{"rendered":"Inland Diversified Pays $296M for 1.7 MSF Retail Portfolio"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

Inland Diversified Real Estate Trust Inc. has acquired the majority interest in 1.7 million-square-foot Las Vegas Valley retail portfolio. A joint venture\u00a0 of an Inland Diversified subsidiary and affiliates of seller Territory, Inc., paid $296.3 million for\u00a0six retail centers, which are anchored by grocery stores or home improvement stores.<\/p>\n

Developed between 1999 and 2009,\"\"<\/a> the portfolio features a tenant roster that includes national retailers like Walmart, Sam\u2019s Club and Lowe\u2019s Home Improvement. The\u00a0 centers are located in well-populated, economically stable areas, securing the new owners a solid customer base that has, until recently, generated strong occupancy rates.<\/p>\n

The lportfolio consists of the following properties:<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Centennial Center \u2013 857,498 square feet; anchor tenants are Walmart Supercenter, Sam\u2019s Club and Home Depot.<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Centennial Gateway \u2013 193,009 square feet; located near Centennial Center; anchor tenants are Sportsman\u2019s Warehouse, 24 Hour Fitness, Walgreens and Smash Burger.<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Eastern Beltway \u2013 525,225 square feet; anchored by\u00a0Walmart Supercenter and Sam\u2019s Club. Other notable tenants are Ross Dress for Less, Office Max, Petco and Hallmark.<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Eastgate – 96,604 square feet; tenant roster features Office Depot, Party City, Payless ShoeSource and Bath & Body Works. The center is shadow anchored by Walmart Supercenter, Del Taco and Red Lobster.<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Cannery Corner \u2013 44,472 square feet; tenants include Famous Dave\u2019s BBQ, Five Guys Burgers and Fries, Chipotle Mexican Grill; shadow anchored by Lowe\u2019s Home Improvement and Sam\u2019s Club.<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Lowe\u2019s Plaza \u2013 30,408 square feet; shadow-anchored by Lowe\u2019s Home Improvement; tenant roster includes\u00a0Qdoba Mexican Grill, FedEx and Starbucks.<\/p>\n

Photo: Business Wire<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Consisting of structures developed between 1999 and 2009 the Territory portfolio totals 1.7 million square feet of retail space across the Las Vegas Valley. A number of major anchor tenants ensure the lasting appeal of the properties with the overall tenant roster featuring names such as Walmart, Sam’s Club and Lowe’s Home Improvement. The properties are placed in well-populated, economically stable areas, securing the new owners a solid shopper base, one that has, until now, been responsible for strong occupancy rates.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1593,21742],"tags":[],"class_list":["post-1004057458","post","type-post","status-publish","format-standard","hentry","category-las-vegas","category-latest"],"acf":[],"yoast_head":"\nInland Diversified Pays $296M for 1.7 MSF Retail Portfolio - 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-diversified-pays-296m-for-1-7-msf-retail-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inland Diversified Pays $296M for 1.7 MSF Retail Portfolio\" \/>\n<meta property=\"og:description\" content=\"Consisting of structures developed between 1999 and 2009 the Territory portfolio totals 1.7 million square feet of retail space across the Las Vegas Valley. 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