Inland Real Estate Corporation Announces Joint Venture Acquisition of Two Grocery-Anchored Properties in Wisconsin

Inland Real Estate Corporation IRC today announced that it has contributed $33.0 million to its joint venture with Inland Private Capital Corporation to acquire two retail properties in Wisconsin. The joint venture purchased a neighborhood shopping center anchored by a Pick 'n Save grocery located in the Village of Mt. Pleasant in southeast Wisconsin, for approximately $21.3 million, and a single-tenant property leased to Pick 'n Save in Sheboygan, Wisconsin, for approximately $11.7 million. Pick 'n Save is owned by Roundy's Supermarkets, a market leading Wisconsin grocer. The properties were acquired in separate transactions from the same regional developer.