Inland, Dutch Fund Grab Midwest Retail Units For $43M

Law360, New York (December 8, 2011, 3:40 PM EST) -- Real estate investment trust Inland Real Estate Corp. and Dutch pension fund manager PGGM NV drew closer to their goal of spending $270 million on Midwestern retail properties with the $43 million purchase of two shopping centers, Inland said Thursday.

Inland and PGGM, operating through a joint venture, paid $24.1 million for a shopping center in a suburb of Milwaukee and $18.9 million for retail property in Chicago, according to a statement. The two deals bring the venture's total expenditures on Midwest retail properties to $141.3 million...
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