Valpo shopping center acquired in $22M deal

2013-01-03T12:33:00Z 2013-01-04T12:43:03Z Valpo shopping center acquired in $22M dealTimes Staff
January 03, 2013 12:33 pm  • 

VALPARAISO | Inland Real Estate Corp. announced Thursday it has acquired Valparaiso Walk for about $21.9 million from IBT Group LLC.

Valparaiso Walk is a 137,509-square-foot shopping center at the intersection of Silhavy Road and LaPorte Avenue. It is anchored by Bed Bath & Beyond, Marshalls, Best Buy and Michaels.

The Oak Brook, Ill.-based company is an owner and operator primarily of Midwest shopping centers.

“Valparaiso Walk is located in a robust trade area and is fully leased to best-in-class retailers, two attributes that support strong regional drawing power,” said Scott Carr, executive vice president and chief investment officer of Inland, in a statement.

Additional tenants at the Valparaiso Walk shopping center include Dress Barn, Famous Footwear, Lane Bryant, Noodles & Company and T.G.I. Friday’s.

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