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OAK BROOK, IL-Inland Western Retail Real Estate Trust has acquired its third property in Tennessee, paying more than $13 million for the 93,024-sf Winchester Commons Shopping Center in Memphis. The retail center is anchored by a 59,670-sf Kroger grocery store with UPS store, Nextel, Shirley's Hallmark and Fantastic Sam's among the tenants.

Closer to home, Inland Real Estate Sales' Susan Valle was involved in two Lake County deals. Diamond Property Development paid $965,000 for the 10,000-sf retail center at 1500 S. Lake St. in Mundelein, while a family trust paid $293,000 for a 2,400-sf strip center at 1228 Cedar Lake Rd. in Round Lake Beach.

Valle represented Diamond Property Development in its acquisition of the Mundelein property, located near the intersection of Routes 60 and US Highway 45, as well as the seller of the Round Lake Beach building with an enviable track record. "It is a well established center that has never experienced a vacancy," Valle says.