The Boulder Group has just completed the sale of a single tenant net leased property in Chicago for $2,290,000. The property is a 16,290 ft.² building that is leased to grocers Save-A-Lot on a long-term basis, and is located at 63rd and South Calumet Avenue.
It was purchased by a private high net worth investor from New Jersey, while the seller a Chicago-based developer was represented by Randy Blankstein and Jimmy Goodman of The Boulder Group.
Randy Blankstein, President of the Boulder group, said that "In top tier metros remain in high demand for passive real estate investors." Jimmy Goodman, Partner of The Boulder Group, commented that "Save-A-Lot is one of the most aggressively expanding tenants and this transaction represents the demand for grocery tenanted properties."
As a boutique investment real estate service firm, The Boulder Group specializes in net lease properties, and is also able to provide a full range of brokerage, financing and advisory services nationwide. It has a diverse client base including REITs, high net worth individuals, the developers, institutional investment funds and partnerships.
The company was founded in 1997 and has closed over $1.2 billion of single tenant office, retail and industrial properties. The firm's market research of the nationwide single tenant market gives clients valuable insight into the industry, enabling them to develop net lease investment strategies.
Since its inception, the firm has built up a network of relationships based on its reputation and has access to investment opportunities that are not publicly marketed. The Boulder Group has its headquarters in suburban Chicago.