Inland Real Estate Acquisitions, Inc. Announces the Purchase of Shoppes of Madison in Madison, Alabama

  Inland Real Estate Acquisitions, Inc. Announces the Purchase of Shoppes of
  Madison in Madison, Alabama

Business Wire

OAK BROOK, Ill. -- July 11, 2013

Inland Real Estate Acquisitions, Inc. (“Inland”) announced today the
acquisition of Shoppes of Madison, a shopping center in Madison, Ala., for
approximately $24.8 million. Inland acquired approximately 110,000 square feet
of the shopping center, which is shadow anchored by a separately-owned
136,000-square-foot Target store, which was not acquired. Completed in 2012,
the center is home to Ross Dress for Less, Petco and Dollar Tree. Lou Quilici,
senior vice president, facilitated the transaction.

Several of the retailers acquired by Inland Real Estate Acquisitions, Inc.
within Shoppes of Madison ...

Several of the retailers acquired by Inland Real Estate Acquisitions, Inc.
within Shoppes of Madison in Madison, Ala. (Photo: Business Wire)

“Shoppes of Madison is located along a busy retail corridor in Madison, near
major retail draws like Wal-Mart, Publix Super Markets and Home Depot,
providing a steady stream of shoppers to the area,” Quilici said. “We believe
Madison, one of the fastest-growing cities in Alabama over the past 10 years,
is an attractive area to own retail, offering higher-than-average household
incomes.”

Additional tenants at the center, which were not acquired in this transaction,
include Panera Bread, National Bank of Commerce and Mexican Cantina.

About Inland Real Estate Acquisitions, Inc.

Inland Real Estate Acquisitions, Inc. facilitates acquisitions for various
entities that are a part of The Inland Real Estate Group of Companies, Inc.
(“Inland”). Headquartered in Oak Brook, Ill., Inland has been ranked one of
the largest shopping center owners and managers in North America (Retail
Traffic, May 2012) and the fastest-growing acquirer of retail property in the
U.S. (Chain Store Age, May 2013). As of March 31, 2013, Inland-sponsored
companies owned and managed in total over 88.2 million square feet of
diversified commercial real estate in 48 states, as well as managed assets in
excess of $20.8 billion. Inland is comprised of a group of independent legal
entities some of which may be affiliates, share some common ownership or have
been sponsored and managed by Inland Real Estate Investment Corporation or its
subsidiaries. For additional information, please refer to Inland’s website at
www.inlandgroup.com.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20130711006104/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50668749&lang=en

Contact:

Inland Marketing & Communications, Inc.
Joel Cunningham, (630) 586-4897
cunninghamj@inlandgroup.com
 
Press spacebar to pause and continue. Press esc to stop.