Little Rock, Ark. – MidTowne Shopping Center is 95.6 percent occupied and leased to 22 tenants.
Little Rock, Ark. – Inland Real Estate Income Trust has purchased the 126,288-square-foot MidTowne Shopping Center, located five miles east of downtown Little Rock. MidTowne Shopping Center is 95.6 percent occupied and leased to 22 tenants, including The Container Store, Pottery Barn, Ulta and Williams-Sonoma. According to reports, the sale price was approximately $41.45 million. Lou Quilici, senior vice president of IREIT Business Manager & Advisor Inc., assisted Matthew Tice, vice president of Inland Real Estate Acquisitions Inc. in the purchase of the property.
— Scott Reid