Healthcare N Illinois

Inland Real Estate Acquisitions, LLC closes on Elmhurst medical building

  

Inland Real Estate Acquisitions, LLC has negotiated and closed the purchase of the Edward-Elmhurst Health Center, an approximately 13,000 square-foot medical office building located in Elmhurst, Illinois, approximately 20 miles west of Chicago. Mark Cosenza, senior vice president at Inland Real Estate Acquisitions, LLC, completed the deal, with assistance from Brett Smith, assistant vice president and associate counsel of The Inland Real Estate Group, LLC, law department, on behalf of an Inland affiliate.

Newly constructed in 2017, the property is located at 755 North York Street and is home to Edward Health Ventures, operating as Edward-Elmhurst Health. Serving as a medical office space, the property includes 10 exam rooms, one procedure room, one endoscopy suite and four pre-/post-recovery rooms. The Center features physicians who specialize in family medicine, internal medicine, obstetrics/gynecology and gastroenterology.

“Ideally located near Interstate 290 and 294 and across the street from Mariano’s, Edward-Elmhurst Health provides more than 285,000 residents within a five mile radius with convenient access to medical care,” said Cosenza. “The well-established tenant and prime location made this the type of attractive acquisition we are looking for in this asset class.”

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 $269 million in medical office buildings.