Real Estate - SEPTEMBER 19, 2017

Inland Real Estate Acquisitions facilitates the purchase of two medical office buildings in Connecticut

by Andrea Waitrovich

Inland Real Estate Acquisitions has acquired two Starling Physicians, P.C. medical office buildings located in New Britain, Conn.

Situated 13 miles from downtown Hartford, the properties operate as Starling Physicians facilities and are approximately three miles apart from each other. The first property, located at 300 Kensington Ave., is a two-story medical office building. The second property is an approximate 62,000-square-foot medical building located at One Lake St., which encompasses four wings that are each comprised of one to three stories. Both properties are also in close proximity to the Hospital of Central Connecticut.

“Starling Physicians is one of Connecticut’s largest physician-owned multi-specialty groups, and these medical office buildings are conveniently located to provide a wide range of services to more than 310,000 residents within a five-mile radius of both properties,” said Mark Cosenza, senior vice president of Inland Real Estate Acquisitions. “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.”

To date, Inland Real Estate Acquisitionshas facilitated more than $44 billion of purchases including retail centers, apartments, single-tenant properties and a total of nearly $254 million in medical office buildings.

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