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Large California shopping center subject of purchase

Inland Real Estate Income Trust, Inc., has announced its purchase of the Blossom Valley Plaza Shopping Center. Located about 15 miles southeast of Modesto in Turlock, California, the 111,558-square-foot shopping center expands the company's real estate portfolio, which already includes numerous commercial properties.

Blossom Valley Plaza is anchored by a grocery store and receives nearly 22,000 vehicle visits per day. The property, which was built in 1988, is located at 2900 Geer Road and provides a Raley's grocery store as well as other services to 89,000 residents in the nearby area, including students at California State University. The property is 100 percent leased to national companies including Wells Fargo, Papa John's, Jay's Tire and Subway. The CEO of Inland Real Estate Investment Corporation notes that the purchase "aligns with Inland Income Trust's strategy to acquire high quality multi-tenant retail assets."

Acquiring large commercial properties sometimes results in real estate litigation. In some cases, the transactions involved in buying or selling large commercial properties are extremely complicated, including numerous leases, rental agreements, easements and other factors that can affect the time needed in order to complete the transaction. Often, these types of sales take a great deal of work and can involve complex legal issues that the average business owner may have trouble understanding or resolving successfully without help.

Those who are concerned about a breach of contract or other issues surrounding a commercial real estate transaction may benefit from the help of a lawyer with experience in handling these types of matters. When parties disagree over the terms of a contract, for example, they may need help from an attorney to resolve those differences. In addition, the parties may need help understanding all of the implications of complicated commercial real estate contracts and sales.

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