Tuesday, May 31, 2011

The Boulder Group Sells Single Tenant Net Lease Save-A-Lot in Chicago

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Save-A-Lot property located at 63rd and South Calumet Avenue in Chicago for $2,290,000. The 16,290 square foot building is fully leased to Save-A-Lot on a long term basis.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Chicago based developer. The purchaser was a private high net worth investor from New Jersey.

“Urban net leased properties in top tier metros remain in high demand for passive real estate investors” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Save-A-Lot is one of the most aggressively expanding tenants and this transaction represents the demand for grocery tenanted properties.

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in 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 participated in the acquisition and disposition of more than $1.2 billion of net lease real estate transactions through several real estate cycles. The Boulder Group is headquartered in suburban Chicago. The company’s website address is www.bouldergroup.com