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Jewel-Oscos Continue To Draw Buyers

Jewel-Oscos Continue To Draw Buyers

Jewel-Osco seems to be the hot grocery store brand for investors right now. The Boulder Group, a Wilmette, Illinois-based firm, recently completed the sale of a single-tenant net leased Jewel-Osco at 16625 West 159th St., in suburban Lockport, for $13M. It wasn’t the first Jewel-Osco sold by Boulder this year.

Bisnow

The company also just completed the sale of one at 1660 Larking Ave. in Elgin for $14.8M. In addition, earlier this year, RREEF Property Trust, the daily net asset value REIT of Germany’s DWS Group, acquired Elston Plaza, a Jewel-Osco-anchored property at the intersection of Addison, Elston and Kedzie avenues.

“The market for stand-alone grocery properties remains active due to their built-in customer base,” The Boulder Group President Randy Blankstein said. The Lockport building has 67K SF and sits on a 10.3-acre parcel along the town’s primary thoroughfare. Blankstein and Boulder partner Jimmy Goodman represented the seller, a private investment company, in the transaction. The buyer is a private investor in a 1031 exchange.

More info at Bisnow:
Jewel-Oscos Continue To Draw Buyers

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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