The transaction gives the Illinois developer/investor 17 Georgia properties totaling 3.6 million sf with an estimated acquisition cost of $321 million based on an average $90 per-sf purchase price, according to GlobeSt.com research.

Inland paid $30 million or $100 per sf for the first 300,000-sf phase in December 2001. A 55,696-sf Koger supermarket anchors the center. Macon is 60 miles south of Downtown Atlanta.

"The tenants read like a Who's Who in Retail," Inland Real Estate Acquisitions senior vice president Steve Sanders says in a prepared statement. "The location is ideal with Eisenhower Crossing and the (1.4 million-sf) Colonial Macon Mall combining to make a regional retail hub for Macon and the 25-county Central Georgia area."