Oak Brook, Ill.-based Inland Real Estate Acquisitions Inc. has purchased three office buildings in Celebration, Fla., through a sale-leaseback transaction with The Walt Disney World Co. Terms of thewere not disclosed.
The properties, which total 440,000 sq. ft., are located in Celebration PlacePark at the intersection of I-4 and U.S. 192. The office park currently contains a total of four Class-A buildings on 109 acres, with space to develop up to 1.7 million sq. ft.
The Walt Disney World Co. will continue to occupy, maintain and manage the properties.