Always in the market for a quality grocery-anchored center, Inland Real Estate Acquisitions slowed down in 2015 and 2016, purchasing just 116 properties over a 24-month period. But the Oak Brook, Ill.-based company picked up the pace in 2017 with 87 deals over just 12 months.
Fifty-seven of the acquisitions were grocery-anchored centers, 16 were residential, and 14 were office buildings. Inland paid a total of $1.4 billion for what added up to 6.4 million sq. ft. of space in 24 states.
“2017 was a great year, and 2018 will be even better as it commemorates Inland’s 50th Anniversary,” said Inland president Joe Cosenza. “Since Inland’s inception, we have bought more than $45 billion of diversified commercial real estate.”