12 Shopping Centers in the Triangle Purchased by an Ohio REIT : Raleigh,Cary, Wake County Blog and Relocation Information

Raleigh,Cary, Wake County Blog and Relocation Information

- 12 Shopping Centers in the Triangle Purchased by an Ohio REIT

In a deal just completed, Developers Diversified, an Ohio REIT purchased a 307 property portfolio from the Inland Retail Real Estate Trust. Of these properties, 12 are shopping centers in Wake, Durham, Orange, Chatham and Johnston counties. The area properties in question are: Chatham Crossing in Siler City (32,000 square feet), South Square in Durham (89,622 square feet), Meadowmont Village Center in Chapel Hill (132,857 square feet), Capital Plaza in Wake Forest (46,793 square feet), Clayton Corners in Clayton (125,653 square feet), Sexton Commons in Fuquay-Varina (49,097 square feet), Mill Pond Village in Cary (84,364 square feet), Circuit City in Cary (27,891 square feet), and the Raleigh properties of Alexander Place (143,073 square feet), Eckerd-Perry Creek (10,908 square feet), Capital Crossing (83,248 square feet), and Wakefield Crossing (75,927 square feet). This expands Developers Diversified's portfolio in the Triangle to nearly 2.5 million square feet.

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