SHREVEPORT, LA-Inland Diversified Real Estate Trust Inc. hasacquired Regal Court Shopping Center for $43.5 million. The363,167-square-foot power center is anchored by Kohl’s, J.C.Penney, and Dicks Sporting Goods.
The Oak Brook, IL-based REIT purchased Regal Court from itsdeveloper, SDI Shreveport Ltd. It expects to realize an 8.1% caprate on the center, which is situated on nearly 39 acres within anarea known as “retail row” because of the variety of retail tenantsin that area.
Regal Court was on the market for about a year and generatedsignificant interest, according to Christopher Winters withColliers International’s Houston office. He represented the sellerin the transaction, while Inland was represented internally.
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