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updated: 9/13/2017 9:59 AM

Inland Real Estate Acquisitions purchases Fresenius facility

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Business Wire

OAK BROOK -- Inland Real Estate Acquisitions recently facilitated the acquisition of a Fresenius Medical Care facility, a 15,680-square-foot, medical office building located in Chicago's Humboldt Park neighborhood.

Terms of the sale were not announced.

The newly constructed, single-story medical facility is located at 3520 W. Grand Ave. in Chicago, four miles northwest from downtown Chicago. The Fresenius Medical Care facility specializes in kidney care dialysis and offers in-home and in-center treatment options. The tenant is an affiliate of Fresenius Medical Care AG & Co. KGaA.

Mark Cosenza, senior vice president of Inland Real Estate Acquisitions, Inc., facilitated the transaction, with assistance from Brett Smith of The Inland Real Estate Group, LLC, Law Department, on behalf of an Inland affiliate.

"This Fresenius Medical Care facility is ideally located in the most populous city in the Midwestern United States with nearly 10 million residents in the Chicagoland area," said Cosenza. "Fresenius Co. is the world's leading provider of products and services for people with chronic kidney failure, caring for more than 310,000 patients at approximately 3,600 dialysis clinics, with employees in more than 50 countries."