The acquisition, from Wilton Partners Daytona Ltd. gives theIllinois REIT 16 Florida properties totaling 1.83 million sf, oneof the largest retail investment portfolios in the state. Inlandowns and operates a total 26 properties totaling 3.12 million sf inFlorida, Georgia, Virginia and Tennessee.
Inland has been paying an average $115 per sf for Floridaproperties this year, based on the company's previousdisclosures.
The Just for Feet site is adjacent to the 950,000-sf VolusiaMall and across the street from the Daytona International Speedwayand the Daytona International Airport.
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