Inland Real Estate Corp. said Monday that it has formed a joint venture with the Dutch financial firm PGGM to acquire $270 million worth of grocery-anchored and community retail centers in the midwestern U.S.
PGGM, a pension fund administrator and asset manager, will contribute $20 million in equity and Inland Real Estate will provide three retail centers worth $45 million to the joint venture. The properties are located in Arden, Minn.; Elk …






