Inland affiliate buys Houghton Mifflin facility

Publisher to maintain occupancy

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Educational textbook publisher Houghton Mifflin Co. recently sold and leased back a 513,512-square-foot distribution facility in Geneva, Ill., for $25.8 million. Inland Real Estate Acquisitions purchased the 25-acre property, and Houghton Mifflin will lease the property through 2019. The transaction is the second property Inland Real Estate Acquisitions has purchased in recent years in the educational industry -- a sector with special significance for the Inland group, as all four of its founders were teachers before they began their careers in real estate. ...