Inland Rings Bell on 30th Property

TAMPA, FL-Following through on its planned one-purchase-per-month strategy, Oakbrook, IL-based Inland Retail Real Estate Trust Inc. has purchased the 85,377-sf, seven-year-old, 93%-leased Brandon Boulevard Shoppes in suburban Tampa, FL from RIG Brandon Boulevard LLC for $9.34 million or $109.40 per sf.

The acquisition is the REIT’s 20th in Florida. Inland has bought 16 properties this year alone for a total 30 shopping centers with an overall square footage of 3.72 million. In Florida, Inland has 2.27 million sf.

“We plan to add up to a dozen more by the end of the year,” Steve Sanders, senior vice president, Inland Real Estate Acquisitions Inc., tells GlobeSt.com.