Illinois REIT Pays $40M for Palm Coast Landing

By GlobeSt News Hub

Print Email Share Reprints News Tip? Get Alerts

Disable this ad

Sign Up for the Florida AM Alert

Join the thousands of real estate professionals that subscribe to the Florida AM Alert. Each and every morning, we deliver the important stories, data, analysis…as well as the opinions and insights of industry thought leaders to provide you with market intelligence and a daily business advantage.

Become a registered member today and don’t miss another important story in the Florida market. Let GlobeSt.com be your source for everything real estate.

PALM COAST, FL-Oak Brook, Illinois-based Inland Diversified Real Estate Trust has paid $40 million for the Palm Coast Landing, a 170,000-square-foot retail center in Palm Coast. The shopping center was sold by Houston-based Weingarten Realty Trust.

The retail center was fully occupied at closing. It is leased to various tenants including Books-A-Million, Maxx, PetSmart, Michael's and Ross Dress for Less. A Super Target in the center was not part of the deal. For the full story, go to Jacksonville Business Journal .

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

Categories: Southeast, Sales, Acquisitions/Dispositions, Scope, Jacksonville