ORLANDO—Inland Real Estate is closing out the year with a retail note. The company acquired two shopping centers for $63.3 million.

Inland snapped up phase one of the Goldenrod Marketplace shopping center in Orlando, a recently developed community retail center shadow-anchored by a Walmart Supercenter, for $20.0 million. Through its joint venture with PGGM, Inland also grabbed the Fort Smith Pavilion, a regional power center located in Fort Smith, Ark., for $43.3 million, including a loan assumption of approximately $33.2 million at closing.

“With these acquisitions, we continue to enhance the quality, diversification and growth profile of our portfolio as we expand our retail platform into additional markets within the Central and Southeastern United States,” says Mark Zalatoris, president and CEO of Inland. “These class A retail centers possess best-of-class retailer line-ups and commanding locations within their respective trade areas. In addition, the acquisition of Goldenrod Marketplace in Orlando complements our recently announced joint venture with MAB to develop grocery-anchored shopping centers in the southeast United States.”