OAK BROOK, Ill.--(EON: Enhanced Online News)--Inland Real Estate Acquisitions, Inc. announced today that it facilitated the acquisition of The Radiology Clinic, a 39,500-square-foot medical office building located in Tuscaloosa, Alabama. Matthew Tice, senior vice president of Inland Real Estate Acquisitions, Inc., facilitated the transaction on behalf of an Inland affiliate.
“The practice’s longstanding history in the area combined with its position in the heart of the healthcare region of Tuscaloosa made this the type of attractive acquisition we are looking for in this asset class.”
Originally constructed in 1991 and renovated in 2005, the property is located at 208 McFarland Circle North in Tuscaloosa. Founded in the 1940s, the practice has operated in the same west central Alabama location for 25 years and has grown to 22 physicians and 88 employees.
“The Radiology Clinic’s ideal location across the river from the University of Alabama and situated in between the Northport Medical Center and the DCH Regional Medical Center provides more than 100,000 people within a five-mile radius with convenient access to meet their healthcare and medical needs,” said Tice. “The practice’s longstanding history in the area combined with its position in the heart of the healthcare region of Tuscaloosa 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 $115 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.