Kimco Realty has acquired an 187,000-square-foot retail/office property in Stamford, Conn., for $42 million. The REIT acquired a the 97,000-square foot retail center located next to the mixed use development, called Wilton Executive Campus, six months ago for $39.7 million.
Inland Real Estate has acquired a Chicago-area retail center for $25 million. Kite Realty Group was the seller of the 128,000-square-foot property, the South Elgin Commons shopping center. It is fully occupied.
RioCan Real Estate Investment Trust and Inland Western Retail Real Estate Trust have formed a joint venture to acquire eight retail centers in Texas for $138 million. RioCan will hold the majority stake at 80% and will assume $85.6 million of mortgage debt. The properties are 97% occupied.