Sheridan Square is anchored by a 42,112-sf Publix Supermarket, and other tenants include a 4,673-sf Dollar Tree. Built in 1991, the center is 97% leased with one vacancy, but Inland Retail is receiving rent as if it were 100% leased.
Steve Sanders, senior vice president of Inland Real Estate Acquisitions Inc., and attorney Charles Benvenuto represented Inland Retail in the transaction.
"We continue to aggressively pursue prime retail properties in the southeast and up the entire east coast," Sanders says.
Lawrence Pantlin and attorney Stephen Peterson represented US Retail Income Fund III LP.
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