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Inland-PGGM JV Buys Sixth Shopping Center in Greater Cleveland
Inland Real Estate Corporation and its partner, Dutch pension fund administrator PGGM, have acquired another property in the Greater Cleveland area. The joint venture paid $28.3 million to buy the Creekside Commons shopping center.
Inland Real Estate Corp., PGGM Buy Phase I of Newport Pavilion
Inland Real Estate Corporation is expending its presence in Cincinnati. In a joint venture with Dutch pension fund advisor PGGM, the real estate investment trust has acquired Phase I of Newport Pavilion, a 471,800-square-foot grocery-anchored power center in Newport, Kentucky. The retail property changed hands for $43.3 million in cash.
Centerline provides financing for a nine-property purchase by Gaia Real Estate; Behringer Harvard and PGGM expand their co-investment relationship; and Houlihan-Parnes brokers a $600,000 non-recourse refinance loan carrying a five-year term.National 30 December 2013 16:37