AVONDALE, AZ-A partnership sells 318,410 sf the 620,000-sf Gateway Pavilion for $68.8 million to Inland Western Retail Real Estate Trust Inc. The newly constructed center is 92% leased, to tenants includingCircuit City and the Sports Authority.

SOUTHLAKE, TX-Inland Western Retail Real Estate Trust Inc. has invested $142.9 million in the mixed-use Southlake Town Square development, which will total three million sf at full buildout. Currently, the project consists of 471,324 sf, plus a post office and town hall.

SURPRISE, AZ-Grand Bell Plaza garners more than fiveoffers before selling to a father-son team fromnorthern California for $3.1 million. The 27,451-sfretail strip center, which is 100% leased, trades at acap rate over 8.5%.

THE WOODLANDS, TX-Venture Tech III, a 70,200-sf flexoffice building sells for $1.9 million totenant-in-common investors in a 1031 exchange. The TICis sponsored by a Lubbock, TX-based private investmentgroup.

LEBANON, TN- Cracker Barrel's parent company, CBRL Group posts a same stores sales jump of 7.3% in December and analysts upgrade the stock.

ATLANTA- Crescent Capital Investments finalizes its purchase of Church's Chicken from AFC Enterprises Inc. for $390 million.

SOUTHLAKE, TX-Inland Western Retail Real Estate Trust has invested $142.9 million in the mixed-use Southlake Town Square.

HOUSTON-A Northern California partnership looking for value-added opportunities in the Bayou City pays $5.2 million for the Park Lane I & II Apartments. The 310-unit, class C apartment complex will receiveexterior renovations and new management.