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.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
We've updated our terms of use.Read them here×