The Illinois REIT paid Charlotte-based JDH & Associates $5.6million or $2.8 million each for the identical 10,908-sf buildings.Inland has been averaging about $100 per sf in purchases thisyear.
The properties are at Augusta and White Horse Roads inGreenville; and at Pine and McCravy Streets in Spartanburg. Bothbuildings, completed in 2000, have 20-year, triple-net leases.Eckerd is responsible for operating costs and any structuralrepairs.
Steve Sanders, Inland Real Estate Acquisitions senior vicepresident, and outside counsel Charles Benvenuto represented InlandRetail in the transaction. Gary Davies represented JDH &Assoc.
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