REAL ESTATE

Inland raises $1.1 billion of investor capital

BY Staff Writer

Oak Brook, Ill. — Inland Diversified Real Estate Trust announced it has raised over $1.1 billion of investor capital, which will be used to continue the company’s acquisitions of a diversified portfolio of commercial real estate properties.

“We believe that we have built an outstanding portfolio of stable, performing commercial real estate assets with very high occupancy, generating sustainable distributions for our investors,” said Barry Lazarus, president and COO of Inland Diversified.

As of June 30, Inland Diversified’s portfolio of assets totaled approximately $1.5 billion.

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REAL ESTATE

Three new tenants announced at Shoppes at Wyomissing

BY Staff Writer

Reading, Pa. — Garrison Investment Group said that Charming Charlie, Berkshire Shoe & Boot, and Menchey Music have opened or will open soon at The Shoppes at Wyomissing, located in Reading, Pa.

The three new tenants total nearly 11,400 sq. ft. in the 103,108-sq.-ft. open-air lifestyle center, which is owned by the Garrison and managed by Levin Management.

Berkshire Shoe & Boot Shoppe recently opened a 1,984-sq.-ft. store, and Menchey Music opened in 3,395 sq. ft. in early September. Charming Charlie will follow with the opening of a 6,000-sq.-ft. store in mid-October.

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REAL ESTATE

New tenant to open at Four Corners Shopping Center

BY Staff Writer

Tomball, Texas — Houston-based Baker Katz, an X Team International partner, announced that Spec’s Wines, Spirits and Finer Foods is the newest tenant to sign a lease at Four Corners Shopping Center in Tomball, Texas. Spec’s will open a 22,000-sq.-ft. store.

The shopping center is currently undergoing major renovations, with an anticipated completion of fourth quarter 2012. Exterior renovations include a completely new façade along with stonework and extensive landscaping, as well as improvements to increase site access and traffic flow from FM 2920 and SH 249.

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