OAK BROOK, Ill.--(BUSINESS WIRE)--Inland Real Estate Acquisitions, Inc. (“IREA”) announced today the acquisition of five properties purchased in September on behalf of Inland related parties. The acquisitions collectively total $138.4 million in purchase price for approximately 498,000 square feet of commercial real estate across five states. The properties acquired include a medical office building, a single-tenant retail store, an athletic facility, a shopping center and a multifamily property.
The five properties include: Mountain Point Medical, a recently built, approximately 60,000-square-foot medical office building located approximately 25 miles south of Salt Lake City; a Walgreens with approximately 15,200 square feet located in Waunakee, Wisconsin; an athletic club with 143,286 square feet located in Nevada; a shopping center with 84,891 square feet that is 100 percent leased, located in Lawrence, Kansas; and a Class A multifamily property with 206 units, located in Frederick, Maryland.
“With the help of Sharon Anderson-Cox, Matt Tice and Mark Cosenza, September was a great month for IREA,” said Joe Cosenza, president of Inland Real Estate Acquisitions, Inc. and vice chairman of The Inland Real Estate Group, Inc. “We closed on five different types of properties that met our criteria of being stable, newly constructed, ideally located and income-producing. During the first nine months of this year we have purchased a total of 44 properties for approximately $1.2 billion across four different asset sectors. I look forward to the deals we will close in the last three months of the year.”
About Inland Real Estate Acquisitions, Inc.
Inland Real Estate Acquisitions, Inc. is the purchasing arm for various entities that are a part of The Inland Real Estate Group of Companies, Inc., a group of independent legal entities, some of which may be affiliates, share some common ownership or have been sponsored or managed by Inland Real Estate Investment Corporation or its subsidiaries (collectively, “Inland”). For additional information, please refer to Inland’s website at www.inlandgroup.com.
