Inland Western gains Wal-Mart properties

Buys 637,383 square feet in 2 states

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Inland Western Retail Real Estate Trust has added two more Wal-Mart stores to its portfolio in Missouri and Arkansas. The total value of the transactions was $69.1 million. The chain anchors Inland Western's newly purchased Manchester Meadows Shopping Center, 17 miles west of downtown St. Louis in Town and Country, Mo. Inland paid $56.2 million for the community shopping center. This 454,172-square-foot shopping center includes Home Depot, Sports Authority, Linens 'n Things, PetsMart, Office Max, the United States Post Office, Boston Market and many other local tenants. Inland Western also added a 183,211-square-foot Super Wal-Mart to its portfolio, buying the Blytheville, Ark. store for $12.9 million. Located approximately one hour north of Memphis, Tenn., the Blytheville Wal-Mart anchors Porter's Commons shopping center. Inland Western did not purchase Porter's Commons. This Wal-Mart has a long-term triple net lease. Oak Brook, Ill.-based Inland Western is a commercial real ...