Inland paid Atlanta-based OP&F Schroeder Trust $21.25million or $75.56 per sf for the 99.6%-leased property at thenortheast corner of South Orange Blossom Trail and Sand Lake Roadin south Orlando.
The acquisition brings Inland's Florida portfolio to 2.11million sf with an estimated aggregate value of $200 million basedon an average $95 per-sf purchase price, according to GlobeSt.comresearch.
Inland's total Southeast portfolio is 3.4 million sf with anestimated aggregate value of $325 million. The 1.24 million-sfGeorgia inventory has an estimated aggregate value of $125million.
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