Inland Realty Grows Retail Portfolio

ORLANDO-Inland Retail Real Estate Trust Inc. of Oak Brook, IL has done its homework in the $8.57 million purchase of the 75,492-sf, 100%-leased Chickasaw Trails Shopping Center near Orlando International Airport, this area’s next new commercial hot spot.

Inland paid 2140 SCT Corp. of Newport Beach, CA $113.52 per sf for the seven-year-old retail asset at the northwest corner of Curry Ford Road and Chickasaw Trail in south Orlando.

“This property is located in one of the fastest-growing areas in the nation, just north of the Orlando International Airport,” Steve Sanders, senior vice president, Inland Real Estate Acquistions Inc., tells GlobeSt.com. “As with any real estate, location is a key factor in selecting properties,” Sanders says. “Having several properties in close proximity helps cut costs for management, which translates into better value for shareholders.”