OAK BROOK, Ill.--(BUSINESS WIRE)--Inland Real Estate Acquisitions, Inc. announced today that it negotiated and helped close the purchase of two US Pain & Spine Institute medical office buildings located in Houston, Texas. Matthew Tice, senior vice president of Inland Real Estate Acquisitions, Inc., facilitated the transaction, with assistance from Brett Smith, assistant vice president associate counsel of The Inland Real Estate Group, LLC, on behalf of an Inland affiliate.
Located at 5445 La Branch Street, the Houston Hospital for Specialized Surgery is an approximately 34,600-square-foot hospital situated two miles southwest of the Houston central business district. The facility offers seven surgical beds, three operating rooms and supportive pre-operation and post-operation areas.
Renovated in 2014, the USPS Surgical Institute is conveniently located eight miles west of downtown Houston at 8111 Southwest Freeway. The approximately 37,000-square-foot medical office building serves as an ambulatory surgery center offering a wide range of interventional pain procedures, including minimally invasive spine procedures.
“These recently renovated, state-of-the-art medical office buildings provide the more than 820,000 residents within a five-mile radius of both properties with convenient access to medical care,” said Tice. “The well-established tenants and ideal location make them a prime example of the type of acquisitions we continue to seek out in this asset class.”
To date, Inland Real Estate Acquisitions, Inc. has facilitated more than $44 billion of purchases including retail centers, apartments, single-tenant properties and a total of approximately $229 million in medical office buildings.
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.