Search
 

Inland Pays $145 per SF for Circuit City Shopping Center

ORLANDO-The Oak Brook, IL-based REIT has acquired its 30th Florida retail property and ninth in Orlando with the $11.41 million acquisition of the three-year-old, 78,625-sf asset previously owned by CAP Orlando Ltd. and Centennial American Properties LLC at the northeast corner of Good Homes Road and West Colonial Drive in west Orlando.

By Alex Finkelstein | Updated on August 07, 2002

ORLANDO-Inland Retail Real Estate Trust Inc. of Oak Brook, IL has purchased its 30th Florida retail property and ninth in Orlando with the $11.41 million acquisition of the three-year-old, 100%-occupied, 78,625-sf Circuit City Shopping Center at the northeast corner of Good Homes Road and West Colonial Drive in west Orlando.

The Illinois-based REIT paid CAP Orlando Ltd. and Centennial American Properties LLC $145.11 per sf, one of the highest per-sf prices Inland has paid for a property this year. But that isn’t fazing the privately held REIT.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.