MIAMI-Inland Retail Real Estate Trust Inc. of Oak Brook, IL has acquired the Sheridan Square neighborhood shopping center in Dania, FL for $7.55 million.The 67,425-sf shopping center, near the Ft. Lauderdale metro area, was sold by US Retail Income Fund III LP of Atlanta.

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.

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.