Inland Real Estate Acquisitions, Inc., the purchasing arm for various Inland entities, negotiated and helped close the purchase of Pentucket Shopping Center, a 199,000-square-foot retail center located in Plaistow, New Hampshire, approximately one mile north of the Massachusetts state border and approximately 40 miles north of Boston. Inland Acquisitions facilitated the transaction on behalf of Inland Real Estate Income Trust, Inc., a publicly registered non-traded REIT.
Inland Real Estate Acquisitions, Inc., the Oak Brook, Illinois, acquisition machine headed by Joe Cosenza, has purchased another center to keep the acquisition tote board on its website churning past $44 billion. Its latest purchase is the 199,335-sq.-ft. Pentucket Shopping Center in Plaistow, New Hampshire, 40 miles north of Boston. This 75th Inland acquisition in the last 26 months was executed by Mark Cosenza, senior VP of Inland Real Estate Acquisitions, Inc.
Members of the Illinois REALTORS® Strategic Thinkers Working Group, including Treasurer Dan Wagner of The Inland Real Estate Group of Companies, Inc. in Oak Brook, and key association staff members concluded their two-day meeting Wednesday in Springfield, developing a three-year plan for the association.
Renovated in 2004, the Pentucket Shopping Center is home to a tenant roster that includes Bed Bath & Beyond, Staples and a 125,000-square-foot Home Depot, and is shadow-anchored by a Super Walmart. The center's location in New Hampshire also offers consumers the benefit of no sales tax.
“We see more commercial PACE investment opportunities because that market is growing and there are consistently more available geographically,” said Mark Pikus, senior vice president for Inland Green Capital LLC. In 2016, the firm funded nearly 50 PACE bonds, a sizable uptick over the volume in 2015.
Officials from The Inland Real Estate Group of Companies Inc., one of the nation’s largest commercial real estate and finance groups, say it collectively raised over $600 million in capital in 2016 across the various Inland funds for the purchase of investment real estate. Additionally, Inland Real Estate Acquisitions Inc., the purchasing arm for the various Inland member companies, in 2016 facilitated the purchase of more than $1.1 billion in commercial real estate for its various investment funds.