Inland Real Estate Income Trust, Inc. Announces the Acquisition of 210,000-square-foot Marketplace at Tech Center
January 11, 2016 at 10:30 pm IST
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Inland Real Estate Income Trust, Inc. announced the acquisition of the approximately 210,000-square-foot Marketplace at Tech Center, a newly constructed grocery-anchored power center, facilitated the purchase of the property on behalf of Inland Income Trust. Newly constructed in 2015, Marketplace at Tech Center is located at 12080 Jefferson Avenue. The shopping center offers the approximately 172,000 residents living within a five-mile radius access to a 39,998-square-foot Whole Foods grocery store.
In addition to Whole Foods, Marketplace at Tech Center tenants include Steinmart, DSW, Ulta Beauty, Five Below, BJ's Brewhouse, Mattress Firm, AT&T and Massage Envy.
Inland Real Estate Income Trust, Inc. is a real estate investment trust that acquires and manages a portfolio of commercial real estate investments located in the United States. The Company invests in joint ventures or acquires other real estate assets such as office and medical office buildings, multi-family properties and industrial/distribution and warehouse facilities. It is also focused on investing in real estate-related equity securities of both publicly traded and private real estate companies, as well as commercial mortgage-backed securities (CMBS). The Company's investment properties include Newington Fair, Wedgewood Commons, Park Avenue, North Hills Square, Mansfield Shopping Center, MidTowne Shopping Center, Settlers Ridge, Pick N Save Center, Wilson Marketplace, Regal Court, Pentucket Shopping Center, Blossom Valley Plaza, Branson Hills Plaza, Walgreens Plaza, and Fox Point Plaza. The Company owns approximately 52 retail properties, totaling 7.2 million square feet.
INLAND REAL ESTATE INCOME TRUST, INC. 
