Inland Real Estate Corporation Acquires Supermarket Property for $30.7M

Inland Real Estate Corporation IRC today announced the acquisition for its own portfolio of a 103,611-square-foot, single-tenant retail property in the Milwaukee, Wisconsin suburb of Menomonee Falls. The newly-constructed retail center is 100 percent leased to Roundy's Supermarkets Inc.'s Super Pick ‘n Save, which opened for business in August of 2010. The Company acquired the property on November 22, 2010, from a Milwaukee-based developer for a purchase price of approximately $20.7 million, excluding closing costs and adjustments.