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Investors Continue Going After Chicagoland Groceries

Investors Continue Going After Chicagoland Groceries

Grocery stores throughout Chicagoland are getting looks from national and international investors. A single tenant net leased Jewel-Osco property located at 4650 W. 103rd St., Oak Lawn, IL, just became the latest such outlet to change hands after a high net worth investor from Australia bought the 47,370 square foot building for $16 million.

GlobeSt

Randy Blankstein and Jimmy Goodman of The Boulder Group, a Wilmette, IL-based net leased investment brokerage firm represented the seller and the buyer in the transaction. The seller is a private real estate investment company based in the southwest.

“The market for standalone grocery properties remains active due to their built-in customer base,” says Blankstein, president of Boulder. Goodman, a partner, adds, “investors pay a premium for twenty year net leased assets which are in limited supply.”

More info at GlobeSt:
Investors Continue Going After Chicagoland Groceries

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The Boulder Group

The Boulder Group
Newsroom   Real Estate Research Center

The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds./

Founded in 1997, the firm has arranged the acquisition and disposition of over $2.1 billion of single tenant net lease real estate transactions. In 2010-2014, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago

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Phone: 847-562-0003