Inland Real Estate buys out retail venture partner for $121M

05/29/2013 | Wall Street Journal, The

Inland Real Estate is buying out its pension fund partner's 50% stake in a venture that owns 13 retail centers that total 2.3 million square feet. Inland is paying $121 million in cash for the stake, which is owned by the New York State Teachers' Retirement System. The majority of the centers are located in the Chicago area.

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