OAK BROOK, IL – Inland Real Estate Income Trust Inc. has acquired eight grocery-anchored retail properties, totaling 687,000 square feet, for $278.2 million.
The portfolio is 88.5% leased with a weighted average lease term of 6.3 years. Of the properties' total square footage, 36% is designated as grocery space.
Located across seven states, the properties are tenanted by grocery chains such as Ralphs, Target, Whole Foods Market, Giant, Trader Joe's and Sprouts Farmers Market, as well as retailers including Nordstrom Rack, Starbucks, Rite Aid and Sierra Trading Post.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
