An affiliate of Inland Real Estate Income Trust, a real estate investment trust sponsored by Oak Brook, Ill.-based Inland Real Estate Investment Corp., recently purchased a four-building shopping center, anchored by a Pick ‘n Save store, in West Bend for $24 million, according to an SEC filing.
The retail property, located northeast of Paradise Drive and South Main Street, consists of four buildings on a nine acre site: a 68,223-square-foot Pick ‘n Save store, a 7,200-square-foot multi-tenant building with Aspen Dental, Cherry Berry and Sport Clips, a 3,909-square-foot PNC Bank building and a vacant 6,108-square-foot building, formerly occupied by Checker Auto Parts.
The property was sold by South Main Center Inc., an affiliate of Madison-based Ascendant Holdings Real Estate LLC, a commercial real estate investment company.
The property has an assessed value of $12.7 million, according to West Bend records.
