Illinois firm buys Dogwood Festival for undisclosed sum

FLOWOOD — Inland Real Estate Income Trust Inc. of Oak Brook, Illinois, has acquired the 187,610-square-foot Dogwood Festival Shopping Center in Flowood, Mississippi.

Lou Quilici, senior vice president of IREIT Business Manager & Advisor Inc., facilitated the transaction.

Constructed in 2002, Dogwood Festival Shopping Center is 97.8 percent leased to 36 tenants, including T.J. Maxx, HomeGoods, Old Navy, Gap, Men’s Wearhouse, Hibbett Sports and several other national tenants. The property is shadow-anchored by Belk, which was not acquired.

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