Inland Real Estate Acquisitions, Inc. Announces the Purchase of The Shops at Julington Creek in Jacksonville, Florida for $8.8 Million

Inland Real Estate Acquisitions, Inc. announced today the acquisition of The Shops at Julington Creek, a 40,207-square-foot shopping center in Jacksonville, Fla., for approximately $8.8 million. Constructed in 2009, the center is anchored by The Fresh Market, an upscale grocery store modeled on a European open-air market. Mark Cosenza, vice president of Inland Real Estate Acquisitions, facilitated the transaction on behalf of Inland Diversified Real Estate Trust, Inc.

“Located within a busy retail corridor in Jacksonville, The Shops at Julington Creek benefits from its location in St. John’s County, the most affluent section of the city,” Cosenza said. “Annual household incomes within a three mile radius of the shopping center exceed $100,000, and its location near the river draws additional traffic from boaters stopping for lunch and stocking up on provisions for the day.”

Additional tenants at the center include Hurricane Grill & Wings, Metro Diner and Sprint.

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