238,816-SQUARE-FOOT RETAIL CENTER TRADES HANDS

GRAFTON, WIS. — A private REIT, which is managed by Inland Real Estate, has acquired Grafton Commons, a 238,816-square-foot retail center in Grafton. Located at the corner of Port Washington Road and Highway 60, the property sold for $37 million. Tenants of the center include Kohl’s, Dick’s Sporting Goods, Best Buy, PetSmart and Michaels. Rick Drogosz, Bonnie Tripton and Dan Cohen of Mid-America Real Estate Corp. represented the owner/developer, Milwaukee-based Continental Properties. Oakbrook, Ill.-based Inland Real Estate provided in-house representation for the buyer.