Inland American Real Estate Trust Inc. recently purchased 3.8 million square feet of retail and industrial space in two portfolios in several Sun Belt states.

The total value of the portfolios — both sold by ProLogis — was not disclosed.

The 1.5 million-square foot Six Pines portfolio, purchased for approximately $256.6 million, includes 13 Tom Thumb-anchored shopping centers located in demographically strong areas of Texas surrounding Dallas and Austin, as well as eight Kroger and Publix-anchored centers in the Southeast.

The 2.3 million-square-foot industrial portfolio — all in Tennessee — includes 18 properties surrounding Memphis and two buildings in Chattanooga.

Inland American Real Estate Trust, Inc. is a real estate investment trust currently in its offering stage, focused on the ownership and management of a diversified portfolio, including retail, office, multifamily and industrial properties within the United States and Canada.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect Black Friday Sale! Bundle our next two events or secure your 2021 All Access Pass.SEE THE DEALS×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription