Inland Real Estate Acquisitions, Inc. proclaims today the acquisition of an office building in northwest suburban Illinois on behalf of Inland Diversified Real Estate Trust, Inc. ("Inland Diversified"). The 105,106-square-foot Siemens business Building, situated in Buffalo Grove, Ill. and leased to Siemens Corporation ("Siemens"), was acquired for $20.5 million.
The acquire was make easy by Joe Cosenza, president of Inland Real Estate Acquisitions with vice chairman of The Inland Real Estate Group of Companies, Inc. "This is a recently renovated property unavailable by what we believe is a very popular tenant with an S&P score of A-1 and 11 years remaining on a triple-net lease," Cosenza said. "
Siemens business is the U.S. holding company for German business conglomerate Siemens AG, and this building is one of five Siemens occupy in an upscale suburban office park. Approximately 1,200 people work on the campus, which has brilliant transportation right of entry with a Metra stop at the office park."
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