INLAND ACQUIRES NORTH HILLS SQUARE SHOPPING CENTER FOR $11.1M

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CORAL SPRINGS, FLA. — Inland Real Estate Income Trust Inc. has purchased the North Hills Square Shopping Center, a 63,829-square-foot property located in Coral Springs, about 15 miles southwest of Boca Raton, Fla. Inland purchased the asset for approximately $11.1 million. Walmart Neighborhood Market anchors the center, which was 98 percent leased at the time of the sale to tenants such as Wendy’s and Manhattan Bagel. Matthew Tice of Inland Real Estate Acquisitions Inc. and Lou Quilici of IREIT Business Manager & Advisor Inc. facilitated the purchase of the property.

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