PRESS ROOMNEWS RELEASE
Inland Real Estate Acquisitions, Inc. Purchases Medical Office Building in Arlington, TexasJuly 24, 2017
Inland Real Estate Acquisitions, Inc. announced today that it negotiated and helped close the purchase of the Kleiman | Evangelista Eye Center, a 27,500-square-foot medical office building located in Arlington, Texas, approximately 12 miles east of Fort Worth and 20 miles west of Dallas. Matthew Tice, senior vice president of Inland Real Estate Acquisitions, Inc., facilitated the transaction, with assistance from David Neboyskey, assistant vice president and associate counsel of The Inland Real Estate Group, Inc., on behalf of an Inland affiliate.
Recently constructed in 2015, the property is located at 350 East Interstate 20 and is considered the Kleiman | Evangelista Eye Center’s flagship practice. The Arlington office is the only center out of the practice’s three locations that provides patients with Same Day Surgicare and expanded medical offerings beyond Lasik eye surgery.
“Situated within one mile of three different hospitals and across from the Arlington Highlands shopping center, the Kleiman | Evangelista Eye Center’s ideal location in the core of a strong retail trade and development area provides more than 342,000 people within a five-mile radius with convenient access to meet their healthcare and medical needs,” said Tice. “The practice’s longstanding, 30-year history in the area combined with its new 15-year lease made this the type of attractive acquisition we are looking for 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 nearly $195 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.