INLAND CLOSES $736M LOAN

by admin

OAKBROOK, ILL. — Oakbrook-based Inland Real Estate Acquisitions has negotiated the closing of two SunTrust portfolios that consist of 433 triple-net leased properties totaling more than 2.2 million square feet, including assets in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia and Washington D.C., on behalf of an entity within The Inland Real Estate Group of Companies, from SunTrust Bank, the principal banking subsidiary of Atlanta-based SunTrust Banks, Inc., for a total of $736 million. SunTrust will lease all of the retail banking facilities for a 10-year term, with an additional 10-year and subsequent 5-year renewal options.

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