PRESS ROOMNEWS RELEASE
Inland Real Estate Acquisitions, Inc. Facilitates Purchase of a Fresenius Medical Care Facility in Chicago
Nicole SpreckInland Communications
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it facilitated the acquisition of a Fresenius Medical Care facility, a 15,680-square-foot, medical office building located in Chicago’s Humboldt Park neighborhood. Mark Cosenza, senior vice president of Inland Real Estate Acquisitions, Inc., facilitated the transaction, with assistance from Brett Smith of The Inland Real Estate Group, LLC, Law Department, on behalf of an Inland affiliate.
The newly constructed, single-story medical facility is located at 3520 W. Grand Avenue in Chicago, just four miles northwest from downtown Chicago. The Fresenius Medical Care facility specializes in kidney care dialysis and offers in-home and in-center treatment options. The tenant is an affiliate of Fresenius Medical Care AG & Co. KGaA (“Fresenius Co.”) (NYSE: FMS).
“This Fresenius Medical Care facility is ideally located in the most populous city in the Midwestern United States with nearly 10 million residents in the Chicagoland area,” said Cosenza. “Fresenius Co. is the world’s leading provider of products and services for people with chronic kidney failure, caring for more than 310,000 patients at approximately 3,600 dialysis clinics, with employees in more than 50 countries.”
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 nearly $254 million in medical office buildings.
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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.