Inland Western expands in Florida, Texas

Buys 2 shopping centers plus a non-retail asset

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Inland Western Retail Real Estate Trust recently acquired two shopping centers in Florida and a distribution facility in Texas. The total value of the transactions was not disclosed. Inland purchased 200,404 square feet of the 324,108-square-foot community retail center known as Mitchell Ranch Plaza, which is located at 3100 Little Road in New Port Richey, Fla. Inland paid more than $34 million for the property, which is anchored by a 44,840-square-foot Publix supermarket, with Marshall's, Ross Dress for Less, PetsMart, Pier 1, and other area retailers. AIG Baker MRP LLC sold the property. Governor's Marketplace Shopping Center, located at 1564 Governor's Square Blvd. in Tallahassee, sold for $37.5 million. It is a 265,364-square-foot community shopping center featuring Bed Bath & Beyond, Famous Footwear, Marshall's, Michael's, Old Navy, Petco, Sports Authority, and an assortment of other national and local tenants. Inland also purchased one of its first non-retail propertie...