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Wednesday, Jul 6, 2022

Valencia Shopping Center Trades for $63 Million

Inland Real Estate Group through its Inland REIT has acquired a 687,000-square-foot retail portfolio that includes the purchase of Northpark Village Square in Valencia for $63.4 million.

Inland Real Estate Group through its Inland REIT has acquired a 687,000-square-foot retail portfolio that includes the purchase of Northpark Village Square in Valencia for $63.4 million.

The $278 million portfolio also includes Rusty Leaf Plaza in Orange, as well as properties in Georgia, Maryland, Michigan, Minnesota, Pennsylvania and Texas.

Northpark Village Square, located at 27756 McBean Parkway, is anchored by a Ralphs supermarket. It has about 87,100 square feet of space.

All of the retail centers except for one acquired by Inland REIT are anchored by a grocery store.

Inland Real Estate Group is based in Oak Brook, Illinois near Chicago.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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