Inland Western Announces Acquisition of 25 Mervyns Properties.

OAK BROOK, Ill. -- Inland Western Retail Real Estate Trust, Inc. announced today that it is purchasing the properties housing 25 open and operating Mervyns department stores, 23 in California and two in Texas. The transaction will include new long-term leases for Mervyns stores in all 25 locations.

"We are thrilled to sign long-term leases with all of these Mervyns stores," said Joe Cosenza, chairman of Inland Real Estate Acquisitions, Inc., who negotiated the transaction on behalf of Inland Western. "Mervyns department stores have become increasingly profitable since transitioning to private ownership, and we expect these locations to be steady sources of rental income for a long time to come."

The following table lists the Mervyns stores Inland Western is purchasing.

Address                City          Sq.ft.      Price
                                                         (in millions)
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  1 2800 Mall View Road     Bakersfield, Calif.   75,140         $8.3
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  2 9175 E. Stockton Blvd.    Elk Grove, Calif.   77,874         $8.6
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  3 1200 Auto Way             Escondido, Calif.   75,712        $12.6
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  4 17204 Stover Ave.           Fontana, Calif.   78,961         $8.7
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  5 3380 W. Shaw Ave.            Fresno, Calif.   77,431         $8.5
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  6 1677 W. Lacey Blvd.         Hanford, Calif.   78,459         $8.6
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  7 4010 Highland Ave.         Highland, Calif.   80,521         $8.9
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  8 530 W. Kettleman Lane          Lodi, Calif.   68,017         $7.5
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  9 1055 Main St.               Manteca, Calif.   88,515         $9.7
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