Inland Real Estate Acquisitions, LLC Closes the Purchase of Two Medical Office Buildings in Arizona

Inland Real Estate Acquisitions, LLC announced today that it negotiated
and closed the purchase of two Swagel Wootton Hiatt Eye Centers, located
in Mesa and Chandler, Arizona, approximately 20 miles east of Phoenix.
Matthew Tice, senior vice president of Inland Real Estate Acquisitions,
LLC, completed the deal, with assistance from David Neboyskey, vice
president and associate counsel of The Inland Real Estate Group, LLC,
Law Department, on behalf of an Inland affiliate.

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Swagel Wootton Hiatt Eye Center (Photo: Business Wire)

Located at 220 South 63rd Street in Mesa and 3940 South Alma
School Road in Chandler, the properties provide a combined total of
25,340 square feet of medical office space and seven board-certified
physicians. Specializing in a variety of eye care procedures, Swagel
Wootton Hiatt Eye Centers offer patients laser cataract, corneal and
retinal surgeries, corneal transplants, procedures for Descement’s
Membrane Endothelial Keratoplaty and glaucoma and treatment of diabetic
eye disease, macular degeneration and primary open-angle glaucoma.

“The properties’ ideal locations in two prominent Phoenix suburbs
provide local and surrounding residents with convenient access to
industry leading eye care experts and advanced medical technology,” said
Tice. “The Mesa location’s recent upgrade and building expansion,
combined with a well-known tenant and 15-year leases at both properties,
made this transaction a prime example of the type of medical office
properties we seek to acquire.”

To date, Inland Real Estate Acquisitions, LLC has facilitated more than
$45 billion of purchases including retail centers, apartments,
single-tenant properties and a total of more than $323 million in
medical office buildings.

About Inland Real Estate Acquisitions, LLC

Inland Real Estate Acquisitions, LLC assists in identifying potential
acquisition opportunities, negotiates acquisition-related contracts and
acquires real estate assets for the various entities that are a part of
The Inland Real Estate Group of Companies, Inc., one of the nation’s
largest commercial real estate and finance groups, which is comprised of
independent legal entities, some of which may be affiliates, share some
common ownership or have been sponsored and managed by such entities or
subsidiaries thereof (collectively, “Inland”). For additional
information, please refer to Inland’s website at www.inlandgroup.com.

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