Breaking News Bar
updated: 1/11/2017 8:28 AM

Inland Real Estate Acquisition purchases building in Alabama

hello
Success - Article sent! close
 

OAK BROOK -- Inland Real Estate Acquisitions announced it has acquired The Radiology Clinic, a 39,500-square-foot medical office building located in Tuscaloosa, Alabama.

Originally constructed in 1991 and renovated in 2005, the property is located at 208 McFarland Circle North in Tuscaloosa. Founded in the 1940s, the practice has operated in the same west central Alabama location for 25 years and has grown to 22 physicians and 88 employees.

"The Radiology Clinic's ideal location across the river from the University of Alabama and situated in between the Northport Medical Center and the DCH Regional Medical Center provides more than 100,000 people within a five-mile radius with convenient access to meet their health care and medical needs," said Matthew Tice, senior vice president of Inland Real Estate Acquisitions, Inc., who facilitated the transaction on behalf of an Inland affiliate.

"The practice's long-standing history in the area combined with its position in the heart of the health care region of Tuscaloosa made this the type of attractive acquisition we are looking for in this asset class," he said

Article Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.