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Home » Housing » US Real Estate » PNC Bank Assets sold in the Chicago MSA by the Boulder Group

PNC Bank Assets sold in the Chicago MSA by the Boulder Group

By Rhett Butler | May 23, 2011

Boulder Group, a large investment and brokerage firm, has successfully sold a near fully  leased PNC Bank asset located in Crystal Lake for a reported $2,675,700. The 3,216 square foot property is leased on a long term deal to the investment grade rated bank, according to the news.

Boulder Group

Boulder Group

Randy Blankstein and Jimmy Goodman, from Boulder Group, represented the two parties of the transaction. Blankstein, President of Boulder Group, had this to say;

“Single tenant bank properties remain one of the most highly sought after
assets today from net lease investors.”

Jimmy Goodman, partner of the Boulder Group added;

“There continues to be a premium for properties in top tier markets with
investment grade tenancy.”The Boulder Group

Investment Banking

Boulder Group is an Investment real estate firm and works mostly on net lease assets. BG gives a variety of brokerage, advisory, and financing services US wide to a diversified client base, including a wide range of high net worth customers, developers, and so on. Started in 1997, the Boulder Group has gathered a track record of more than $1.2 billion of net lease real estate deals in the last 14 years. The Boulder Group is situated in Suburban Chicago, Illinois.

In further news from Boulder Group, the company's first quarter research illustrated property values play a huge role in market fluctuations even in a recession.  And, uncertainty still prevails even for boutique operations like Boulder. The good news is, deals like the one in this release indicate upward movement, even if on a small scale.

The Original Press Release.

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