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Inland Institutional Fund Acquires Pennsylvania Shopping Center

Inland Institutional Capital LLC announced that an institutional fund that it advises has acquired Lower Makefield Shopping Center, a grocery and drug store-anchored property in Yardley, Pennsylvania. The purchase price on the property was not disclosed.

“We are pleased to add this high quality, necessity-based retail center to the fund’s portfolio. Lower Makefield Shopping Center is anchored by two nationally respected tenants, a Giant (Ahold) grocery store and a Rite-Aid pharmacy,” said George Pandaleon, president of Inland Institutional Capital. “This retail center fits well with our belief that grocery and drug store-anchored shopping centers continue to benefit from consistent consumer demand and limited online competition.”

Inland Institutional Capital, LLC provides real estate portfolio investment and asset management services to institutional investors, institutional separate accounts, and pooled investment vehicles. ICAP also facilitates institutional joint ventures and other large scale investment opportunities. Since 2005, the firm has facilitated the completion of transactions with a value in excess of $10.5 billion.

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