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updated: 8/2/2017 9:28 AM

Inland purchases two Texas medical buildings

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OAK BROOK -- Inland Real Estate Acquisitions recently negotiated and helped close the purchase of two U.S. Pain & Spine Institute medical office buildings located in Houston, Texas.

One of the properties, the Houston Hospital for Specialized Surgery, is an approximately 34,600-square-foot hospital two miles southwest of the Houston central business district. The facility offers seven surgical beds, three operating rooms and supportive pre-operation and post-operation areas.

The other building, USPS Surgical Institute, is eight miles west of downtown Houston. The approximately 37,000-square-foot medical office building, renovated in 2014, serves as an ambulatory surgery center offering a wide range of interventional pain procedures, including minimally invasive spine procedures.

Matthew Tice, senior vice president of Inland Real Estate Acquisitions, facilitated the transaction, with assistance from Brett Smith, assistant vice president associate counsel of The Inland Real Estate Group, LLC, on behalf of an Inland affiliate.

"These recently renovated, state-of-the-art medical office buildings provide the more than 820,000 residents within a five-mile radius of both properties with convenient access to medical care," said Tice. "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."