An affiliate of The Inland Real Estate Group of Cos. has purchased nearly 50 percent of the Yuma Palms Regional Shopping Center in Yuma, Ariz. The value of the transaction was $95.7 million. Inland is buying 496,224 square feet of the million-plus-square-foot center, the total square footage of which includes several major "big box" shadow anchors -- retailers that own their own spaces but which benefit the shopping center's owner by drawing traffic to the center as a whole. These shadow anchors include Target, Kohl's and Sam's Club. Among the major tenants for whom Inland will be the landlord: Best Buy, Sports Authority, PetSmart, Ross Dress for Less, Harkins Yuma Palms 14 Theatres, Linens 'n' Things, Marshall's, Bath & Body Works, and Cold Stone Creamery. Yuma Palms, one of the la...
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