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Wal-Mart Remains a Favorite With Inland Western

OAK BROOK, IL-Inland Western Retail Real Estate Trust, which has added an average of one property a week to its portfolio in the past year, pays $11 million for a 149,704-sf store in Jonesboro, AK triple-net-leased to the world's largest retailer.

By Mark Ruda | Updated on January 24, 2005

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OAK BROOK, IL-The world’s largest retailer may not be popular with Chicago city officials, who have stalled plans to build Wal-Mart stores on the South and West sides. However, Wal-Mart is still favored by Inland Western Retail Real Estate Trust, which has paid $11 million for a 149,704-sf store in Jonesboro, AK.

Wal-Mart has a triple-net lease on the store, located about 70 miles northwest of Memphis. Efforts by Wal-Mart to build in the city have been thwarted by objections from labor unions, who claims the retailer pays below-par wages that drive smaller competitors out of business.

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