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Illinois Firm Is Buying Shopping Centers, Marquee Parcels in Rhode Island.

Providence Journal (Providence, RI)

| January 14, 2004 | COPYRIGHT 2007 Providence Journal. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Paul Grimaldi

Jan. 14--WARWICK, R.I. -- An Illinois real-estate investment trust this week is scheduled to announce the purchase of a Route 2 shopping center -- the latest in a series of deals by the Midwest developer for commercial real-estate property in the area.

Rick Fox, a spokesman for Inland Real Estate Group, of Oak Brook, Ill., said the company will pay about $30 million to Eastern Development, of Woburn, Mass., for the Warwick Center shopping center in a deal to close later this week. The center includes Barnes & Noble and Dick's Sporting Goods.

In November last year, Inland announced that it paid Eastern Development $84.7 million…

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