Inland expands portfolio in South

Acquires properties in Tennessee, South Carolina
Published on Nov 18, 2004

Inland Western Retail Real Estate Trust has made its first two purchases in Tennessee, and also purchased a property in South Carolina. The total value of the transactions was approximately $59.8 million. The Columns, purchased for $20.8 million, is a shopping center located at 1300 Vann Drive in Jackson, Tenn., which is 85 miles east of Memphis. The 173,587-square-foot center is newly constructed with approximately 45,000 square feet to be completed by late November. When the second phase is complete, the shopping center will include a 30,000-square-foot Best Buy, a 28,000-square-foot Marshall's, a 14,800-square-foot Old Navy, a 20,1870-square-foot Ross Dress for Less, a 20,000-square-foot Bed Bath & Beyond, and an assortment of other national, regional and local tenants. Harvest Towne Center, purchased for $8.95 million, is located at 4824 N. Broadway St. in the heart of the Knoxville, Tenn., retail corridor. Featuring 32,965 square feet of retail space, the property includes ...

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