8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

March 9, 2010

INLAND WESTERN RETAIL REAL ESTATE TRUST, INC.

(exact name of registrant as specified in charter)

Maryland	000-51199	42-1579325
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2901 Butterfield Road, Oak Brook, Illinois	60523
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code:  (630) 218-8000

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01Regulation FD Disclosure

On March 9, 2010, the board of directors of Inland Western Retail Real Estate Trust, Inc. (the “Company”) declared the first quarter 2010 distribution of $0.04375 per share, payable on April 9, 2010, to stockholders of record at the close of business on March 31, 2010.  This is an increase over the third and fourth quarter 2009 distribution rates and equates to a 1.75% annualized yield assuming a purchase price of $10.00 per share or a 2.55% annualized yield based upon the December 31, 2009 ERISA value of $6.85 per share.  Each distribution is determined quarterly by our board of directors and the annualized yield is not necessarily indicative of future distributions.

On March 9, 2010, the Company issued a press release with respect to seven awards from the International Council of Shopping Centers that were presented to the Company.  A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

The information in this report, including Exhibit 99.1, is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

Item 9.01Financial Statements and Exhibits

(d)Exhibits

The following Exhibit is included with this Report:

99.1Press release of Inland Western Retail Real Estate Trust, Inc., dated March 9, 2010.

The statements and certain other information contained in this report, which can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “continue,” “remains,” “intend,” “aim,” “towards,” “should,” “prospects,” “could,” “future,” “potential,” “believes,” “plans,” “likely,” “anticipate,” “position,” “focus,” and “probable,” or the negative thereof or other variations thereon or comparable terminology, constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby.  These statements should be considered as subject to the many risks and uncertainties that exist in the Company’s operations and business environment.  Such risks and uncertainties could cause actual results to differ materially from those projected.  These uncertainties include, but are not limited to, economic conditions, market demand and pricing, competitive and cost factors, and other risk factors.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: March 10, 2010	INLAND WESTERN RETAIL REAL ESTATE TRUST, INC.
	(Registrant)
	By:	/s/ Dennis K. Holland
		Dennis K. Holland
		General Counsel and Secretary

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EXHIBIT INDEX

Exhibit No.	Description
99.1	Press release of Inland Western Retail Real Estate Trust, Inc., dated March 9, 2010

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EX-99.1

Exhibit 99.1

	NEWS RELEASE18-05-095
	2901 Butterfield Road  Oak Brook, Ill. 60523       www.inlandwestern.com
	FOR IMMEDIATE RELEASE
	Contact:	Cherilyn Megill, Inland Western Retail Real Estate Trust, Inc.
		(630) 645-7247 or megill@inland-western.com
		Matt Tramel, Inland Communications, Inc. (Media)
		(630) 218-8000 Ext. 4896 or tramel@inlandgroup.com

INLAND WESTERN RETAIL REAL ESTATE TRUST, INC.

WINS SEVEN MAXI AWARDS FROM

INTERNATIONAL COUNCIL OF SHOPPING CENTERS

Oak Brook, Ill.  March 9, 2010 —Inland Western Retail Real Estate Trust, Inc. (“Inland Western”) today announced that the company won seven silver MAXI awards at the 2010 Fusion Conference, The International Council of Shopping Centers’ (“ICSC”) premier conference for shopping center marketing and specialty leasing professionals, held recently in Chicago, IL.  Inland Western was recognized for excellence for its innovative marketing and community relations programs in three different categories, including the first-ever New Media category, at five different properties.

“We are extremely honored to receive this recognition by ICSC for outstanding programs among our peers,” commented Niall Byrne, president of property management for Inland Western.  “Driving traffic to increase sales of our retailers is a primary focus of our marketing strategy, which paid off in this challenging environment.”

“We are especially pleased to have won several awards in the New Media category created this year by ICSC,” added Cherilyn Megill, vice president marketing for Inland Western.  “We continue to see results from our innovative and cost-effective social media strategy.”

The MAXI awards recognized the following Inland Western programs:

·  NEW MEDIA — awarded to strategic programs that include websites, online branding campaigns, social media and/or mobile marketing to achieve brand and marketing communications goals for a shopping center or company.

“Holly Green: Save, Live, Give & Win Green” Inland Western Retail Real Estate Trust, Inc.

“tab — Teen Advisory Board”  Southlake Town Square, Southlake, TX

“Scene @ THESHOPS & Inside Scoop” The Shops at Legacy, Plano, TX

·  CAUSE RELATED MARKETING — awarded for a single or on-going event, program or project that involved the cooperative efforts of a shopping center or company and a charitable or community need, interest or cause.

“Cash for Our Customers-Cans for our Clunker!” Greensburg Commons, Greensburg, IN

“Chalkin’ It Up for Families” The Gateway, Salt Lake City, UT

“Art in the Square-A Decade of Giving” Southlake Town Square, Southlake, TX

·  SALES PROMOTIONS AND EVENTS — awarded to programs or events intended to directly impact both retail sales and customer traffic.

“Holiday Light Spectacular at Southpark Meadows” Southpark Meadows, Austin, TX

For more information on these award-winning programs, please see the company website at www.inland-western.com, under leasing and property marketing.

http://www.inland-western.com/pdf/INLAND_WESTERN_MAXI_WINNERS.pdf

Inland Western Retail Real Estate Trust, Inc. is a self-managed real estate investment trust that acquires, manages and develops a diversified portfolio of real estate, primarily multi-tenant shopping centers across the United States.  As of December 31, 2009, the portfolio under management totaled in excess of 46 million square feet, consisting of 299 consolidated operating properties.  The company also has interests in 11 unconsolidated operating properties and 11 properties under development.  For further information, please see the company website at www.inlandwestern.com.

The statements and certain other information contained in this press release, which can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “continue,” “remains,” “intend,” “aim,” “towards, “should,” “prospects,” “could,” “future,” “potential,” “believes,” “plans,” “likely,” “anticipate,” and “probable,” or the negative thereof or other variations thereon or comparable terminology, constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby.  These statements should be considered as subject to the many risks and uncertainties that exist in the Company’s operations and business environment.  Such risks and uncertainties could cause actual results to differ materially from those projected.  These uncertainties include, but are not limited to, economic conditions, market demand and pricing, competitive and cost factors, and other risk factors.