JV Inland Real Estate Corp., PGGM Acquire Shopping Center for $26.3M

by Danielle Everson

LAKEVILLE, MINN. — Inland Real Estate Corp. in a joint venture with Dutch pension fund advisor PGGM has acquired Argonne Village, a 113,000-square-foot neighborhood shopping center, located in Lakeville, a suburb of Minneapolis, for $26.3 million in cash. Argonne Village is anchored by a 71,800-square-foot Cub Foods grocery store with a mix of co-tenants that include Dollar Tree, Taco Bell, Starbucks, FedEx Kinko’s, Little Caesars Pizza, Great Clips and others. The 100-percent-leased center is approximately 20 miles south of Minneapolis. The Class-A property is located off of County Road 50 and I-35W.

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