Inland Closes Sale of 4 Medical Assets

The properties total 119,000 square feet and are located in the Houston, Raleigh and Salt Lake City metro areas.
Texas Orthopaedic & Sports Medicine Facility in Tomball, Texas
Texas Orthopaedic & Sports Medicine Facility in Tomball, Texas

Oak Brook, Ill.—Inland Real Estate Acquisitions Inc. has recently facilitated the acquisition of four medical office buildings, totaling 119,000 square feet of space, located in North Carolina, Texas and Utah. Senior Vice President Matthew Tice facilitated the transactions on behalf of an Inland affiliate.

Situated at 117 Sunnybrook Road in Raleigh, N.C., within the Research Triangle, the UNC REX Cancer Center is a 13,131-square-foot property built in 2013. The single-story asset provides care to more than 194,000 residents living within a 5-mile radius.

The Texas Orthopaedic & Sports Medicine Facility is located at 13603 Michel Road in Tomball, Texas, approximately 32 miles northwest of Houston. The 36,804-square-foot medical office building consists of state-of-art surgical suites, pre-op rooms, patient exam, X-ray rooms and a therapy center with private physician offices.

Located at 3592 W. 9000 South in West Jordan, Utah, within the Jordan Valley Medical Center campus, the Jordan Valley Cancer Center was built in 2016. The 25,056-square-foot inpatient and outpatient facility is situated west of Interstate 15, between West Jordan and South Jordan, approximately 17 miles southwest of Salt Lake City.

Memorial Hermann Acute Care Center, a 44,000-square-foot facility, currently occupied by Memorial Hermann Health System, is located at 1431 Studemont St. in Houston. The recently completed property is part of the new Studemont Junction development and will provide one-stop adult and pediatric primary care, specialty physicians, sports medicine and rehabilitation, outpatient imaging and lab services, as well as a 24-hour emergency room.

“These newly constructed medical office buildings have well-established tenants and are ideally located within their respective regions, making them a prime example of the type of acquisitions we continue to seek out in our health care product line,” said Tice in a prepared statement.

Image courtesy of the Texas Orthopaedic & Sports Medicine facility