OAK BROOK, Ill.--(BUSINESS WIRE)--#Arizona--Inland Real Estate Acquisitions, LLC announced today that it negotiated

and closed the purchase of two Swagel Wootton Hiatt Eye Centers, located

in Mesa and Chandler, Arizona, approximately 20 miles east of Phoenix.

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.

Located at 220 South 63rd Street in Mesa and 3940 South Alma

School Road in Chandler, the properties provide a combined total of

25,340 square feet of medical office space and seven board-certified

physicians. Specializing in a variety of eye care procedures, Swagel

Wootton Hiatt Eye Centers offer patients laser cataract, corneal and

retinal surgeries, corneal transplants, procedures for Descement’s

Membrane Endothelial Keratoplaty and glaucoma and treatment of diabetic

eye disease, macular degeneration and primary open-angle glaucoma.

“The properties’ ideal locations in two prominent Phoenix suburbs

provide local and surrounding residents with convenient access to

industry leading eye care experts and advanced medical technology,” said

Tice. “The Mesa location’s recent upgrade and building expansion,

combined with a well-known tenant and 15-year leases at both properties,

made this transaction a prime example of the type of medical office

properties we seek to acquire.”

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 $323 million in

medical office buildings.

About Inland Real Estate Acquisitions, LLC

Inland Real Estate Acquisitions, LLC assists in identifying potential

acquisition opportunities, negotiates acquisition-related contracts and

acquires real estate assets for the various entities that are a part of

The Inland Real Estate Group of Companies, Inc., one of the nation’s

largest commercial real estate and finance groups, which is comprised of

independent legal entities, some of which may be affiliates, share some

common ownership or have been sponsored and managed by such entities or

subsidiaries thereof (collectively, “Inland”). For additional

information, please refer to Inland’s website at www.inlandgroup.com.


Alyssa Campbell, Inland Communications

(630) 218-2887