Sheridan Square is anchored by a 42,112-sf Publix Supermarket, and other tenants include a 4,673-sf Dollar Tree. Built in 1991, the center is 97% leased with one vacancy, but Inland Retail is receiving rent as if it were 100% leased.
Steve Sanders, senior vice president of Inland Real Estate Acquisitions Inc., and attorney Charles Benvenuto represented Inland Retail in the transaction.
"We continue to aggressively pursue prime retail properties in the southeast and up the entire east coast," Sanders says.
Lawrence Pantlin and attorney Stephen Peterson represented US Retail Income Fund III LP.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
