About Us
Inland Real Estate Corporation is one of the Midwest’s largest owners and operators of community, neighborhood, power and lifestyle shopping centers and single-tenant retail properties, with $1.8 billion in asset acquisition value. We own interests in 140 properties totaling more than 14 million square feet of space. Many of our centers are grocery-anchored.
Approximately sixty-six percent of our retail assets are located in the Chicago metropolitan area and northwest Indiana. We also have a substantial presence in the Minneapolis-St. Paul area, with 25 properties totaling over 2 million square feet. We also own assets in other areas of Minnesota, southern Wisconsin, downstate Illinois, Indiana, Ohio, Michigan, Missouri, Nebraska, Tennessee, Idaho and Florida.
Leased occupancy of our total portfolio is above 92%. Our tenants range from large national retailers to local chains to small independent stores. Our two largest tenants are SUPERVALU, Inc., which occupies over 7% of our space and provides approximately 7% of our base rental income, and Dominick's Finer Foods, a subsidiary of Safeway, which occupies nearly 4% of our space and provides approximately 4% of our base rental income.
We are a self-administered and self-managed real estate investment trust (REIT), formed in late 1994. Our stock is publicly traded on the New York Stock Exchange under the ticker symbol "IRC".