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Inland Real Estate Buys Two More FL Centers

ORLANDO-The Chicago-based company purchased the 67,000-square-foot Lake City Commons and the 79,000-square-foot Publix Center in St. Cloud.

By Hortense Leon | Updated on August 12, 2010

ORLANDO-Chicago-based Inland Diversified Real Estate Trust is on a shopping spree. The company has been combing the Florida landscape for shopping centers and has a particular taste for Publix-anchored properties.

In July, Inland Real Estate Acquisitions, which purchases properties on behalf of Inland Diversified Real Estate Trust, purchased two Publix-anchored shopping centers in the Sunshine State—the 78,820-square foot Publix Shopping Center in St. Cloud near Orlando, and the 66,510-square-foot Lake City Commons in Lake City approximately 60 miles west of Jacksonville–for a total of about $20 million.

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