There were also four retail property sales in the second quarter, for $47.3 million at a mean price of $204 psf and a mean cap rate of 7.4%. The rolling 12 month cap rate ended the quarter at 8.1%, down from previous readings. The quarter’s largest sale was the 83,223-square-foot Mt. Pleasant Retail Center in Racine. In April, General Capital Group sold it to Inland Real Estate for $21.3 million ($256 psf).