News Release: Inland Real Estate Acquisitions Facilitates the Purchase of Two Medical Office Buildings in Connecticut

One Lake Street, New Britain, Conn. (Photo courtesy of Inland Real Estate)

Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it facilitated the acquisition of two Starling Physicians, P.C. medical office buildings located in New Britain, Connecticut. Mark Cosenza, 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, LLC, Law Department, on behalf of an Inland affiliate.

Situated 13 miles from downtown Hartford, the properties operate as Starling Physicians facilities and are approximately three miles apart from each other. The first property, located at 300 Kensington Avenue, is a two-story medical office building. The second property is an approximate 62,000-square-foot medical building located at One Lake Street, which encompasses four wings that are each comprised of one to three stories. Both properties are also in close proximity to the Hospital of Central Connecticut.

“Starling Physicians is one of Connecticut’s largest physician-owned multi-specialty groups, and these medical office buildings are conveniently located to provide a wide range of services to more than 310,000 residents within a five mile radius of both properties” said Cosenza. “The well-established tenants and ideal location make them a prime example of the type of acquisitions we continue to seek out 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 $254 million in medical office buildings.

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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.

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