News & Analysis » US
Inland Real Estate Announces Joint Venture Acquisition Of Harbor Square Plaza For $11.3 Mln - Quick Facts
September 10, 2010, Friday, 05:37 GMT | 00:37 EST | 10:07 IST | 12:37 SGT
(RTTNews) - Inland Real Estate Corp. (IRC) Thursday announced the acquisition through its joint venture with Inland Real Estate Exchange Corporation (IREX) of the Harbor Square Plaza, a 116,430-square-foot community retail center located in Port Charlotte, Florida.
The company purchased the property on September 7, 2010 for approximately $11.3 million and funded the acquisition with a draw on its line of credit facility and cash on hand. The seller was a private developer.
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