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Inland Buys Tequesta Shoppes Plaza for $11.4M

WEST PALM BEACH, FL-The Oak Brook, IL-based REIT paid Woolbright Tequesta Ltd. of Boynton Beach, FL $104.42 per sf for the 17-year-old, 109,937-sf property in the affluent Tequesta, FL suburb.

By Alex Finkelstein | Updated on February 19, 2003

WEST PALM BEACH, FL-Inland Retail Real Estate Trust Inc. of Oak Brook, IL has become a corporate resident in Tequesta, FL, an affluent West Palm Beach suburb perennially rated as one of the 100 best retirement towns in the United States.

Inland acquired the 17-year-old, 109,937-sf Tequesta Shoppes Plaza from Woolbright Tequesta Ltd. of Boynton Beach, FL for $11.48 million or $104.42 per sf. A 39,795-sf Publix Supermarket anchors the property which is about 10 miles north of West Palm Beach . Tequesta has an estimated permanent population of 6,000.

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