Boulder Group Brokers $13M Jewel-Osco Deal

The property is located in Orlando Park, Ill. and features a drive-thru pharmacy and a large parking lot accommodating more than 450 vehicles.

The Boulder Group has arranged a new net-leased retail property deal in the Chicago metro area. The 63,400-square-foot Jewel-Osco store is located at 17930 Wolf Road in Orland Park, Ill., and was sold to a West Coast 1031 investor for $12.7 million. The grocery store’s lease expires in 20 years.

The market for standalone grocery properties remains active as investors are attracted to the superb locations,” said The Boulder Group President Randy Blankstein, in prepared remarks. Blankstein and Jimmy Goodman, a partner with the firm, brokered the deal on behalf of the seller, a private real estate investment company based in the southwest…

Boulder Group Brokers $13M Jewel-Osco Deal

Categories : Finance

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