Inland Acquires White Oak Crossing for $95M

Inland American Real Estate Trust Inc. purchased 549,000 square feet at White Oak Crossing Shopping Center in Garner, NC, from local developer Collett & Associates for $ 95 million, or about $ 173 per square foot.

The deal includes retail buildings at 1219-1229 E. Timber Drive, 2250 Timber Drive, 120 – 280 Shenstone Blvd and 135 – 185 Shenstone Lane.

The tenants include BJ’s Wholesale, Kohl’s, Dick’s Sporting Goods, Ross Dress for Less, Best…
National Commercial Real Estate News From CoStar Group