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6:50 AM Tue, Dec. 11th

Inland Real Estate closes medical office purchase in Arizona

OAK BROOK, Ill. — Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of a portfolio of eight medical office buildings located in Mesa, Chandler, Gilbert, Glendale and Scottsdale.

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.

The properties, leased to one of the largest cancer and research center providers in Phoenix with more than 600 employees and 70 physician providers, provide a combined total of 146,245 square feet of medical office space.

Specializing in a variety of cancer treatment procedures, the facilities offer patients chemotherapy, hormonal, targeted and biological therapies, three-dimensional radiation, modulated radiation, stereotactic radiosurgery and volumetric arc therapy.

Additionally, the properties conduct all the administrative medical billing processes and have eight radiation vaults.

“The properties’ ideal locations in five prominent Phoenix suburbs provide local and surrounding residents with convenient access to industry leading cancer treatments, research and advanced medical technology,” said Tice.