In North Carolina, Inland bought the 125,000-sf, 98%-leased, one-year-old Gateway Plaza Shopping Center in Jacksonville, NC from a corporation called ZP#72 for $11.84 million or $94.72 per sf. Target is the anchor. Lou Quilici, senior vice president, Inland Real Estate Acquisitions Inc. and lawyer Andrew Viola represented Inland.
In Greensboro, NC, Inland paid Golden Gate Properties LLC-GVA Lat Purser & Associates of Charlotte $10.7 million or $69.87 per sf for the 153,133-sf Golden Gate Shopping Center anchored by Harris Teeter and Food Lion.
Steve Sanders, senior vice president, Inland Real Estate Acquisitions Inc. and outside attorney Charles Benvenutto negotiated for Inland. The Robinson, Bradshaw & Hinson law firm of Charlotte represented the seller.
In Aiken, SC, the Illinois REIT purchased the four-month-old, 59,204-sf North Aiken Bi-Lo Center from locally based Planned Commercial Development I for $5.8 million or $97.97 per sf. Dollar General and Bi-Lo Supermarket are the anchors.
Sanders and Viola represented Inland. Michael Graybill of Graybill and Associates Inc. and Gary Smith III of Smith, Massey & Brodey law firm negotiated for the seller. Both firms are from Aiken.
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