CORRECTED - CORRECTED-Inland American Real Estate buys Six Pines portfolio f

Tue Apr 17, 2007 12:40pm EDT
 
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(Corrects headline and recasts paragraph one to say that Inland American Real Estate Trust Inc., not Inland Real Estate Corp. (IRC.N), bought the properties)

April 16 (Reuters) - Inland Real Estate Acquisitions Inc. said it acquired for Inland American Real Estate Trust Inc. retail and industrial portfolios, including Six Pines featuring 21 grocery-anchored properties of 1.47 million square feet of prime retail space, for about $256.6 million.

Inland also bought 20 industrial properties of 2.3 million square feet from ProLogis (PLD.N) in Tennessee, the company said in a statement without giving the dollar amount for this deal. (Reporting by Neetha Mahadevan in Bangalore)

 

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