Search
 

Inland Purchases Valparaiso, IN, Shopping Center

VALPARAISO, IN - Inland Real Estate Corp. bought the Valparaiso Walk shopping center in northwestern Indiana from IBT Group for about $21.9 million.

By Chip Barnett | Updated on January 04, 2013

    VALPARAISO, IN - Inland Real Estate Corp. has acquired Valparaiso Walk, a 137,509-square-foot shopping center in northwestern Indiana for approximately $21.9 million from IBT Group LLC. 

    CBRE Capital Markets represented the seller in the transaction.    Valparaiso Walk is located at the intersection of Silhavy Rd. and LaPorte Ave. It is within the Chicago Metropolitan Statistical Area. The property is in a major trade area, servicing over 100,000 people. Valparaiso University’s student population also enhances the area’s consumer purchasing power.    The shopping center is 100 percent leased and is anchored by Bed Bath & Beyond, Marshalls, Best Buy, and Michaels, and is shadow-anchored by Aldi and Menards. Additional tenants include Dress Barn, Famous Footwear, Lane Bryant, Noodles & Company and T.G.I. Friday’s.    “Valparaiso Walk is located in a robust trade area and is fully leased to best-in-class retailers, two attributes that support strong regional drawing power,” Scott Carr, Inland’s executive vice president and chief investment officer, says in a release. “In addition, we reinvested proceeds from recent dispositions to acquire this Class A property located in the greater Chicago metro area in a lender-driven sale.”    Oak Brook, IL-based Inland is an owner and operator of shopping centers located primarily in the Midwestern United States. It is a self-administered and self-managed publicly traded real estate investment trust.

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.