JOINT VENTURE BUYS TWO GROCERY-ANCHORED PROPERTIES FOR $33M

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OAK BROOK, ILL. — Inland Real Estate Corp. and Inland Private Capital Corp. have acquired two retail properties in Wisconsin. The joint venture purchased a neighborhood shopping center anchored by a Pick 'n Save grocery in Mt. Pleasant, Wis. for $21.3 million. In a separate deal, the companies also acquired a single-tenant property leased to Pick 'n Save in Sheboygan, Wis. for $1.7 million. The properties were acquired from the same regional developer. The Mt. Pleasant shopping center is located at 2800-60 S. Green Bay Rd. and totals 82,233 square feet. The 62,138-square-foot Pick 'n Save in Sheboygan is located at 1317 N. 25th St.

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