Tuesday, November 22, 2011

Net Lease Advisory Firm The Boulder Group Now on Google Plus

Single tenant net lease property brokerage firm The Boulder Group is now on Google Plus. For more information please visit the page at https://plus.google.com/113448284679510865826

Monday, November 7, 2011

The Boulder Group Named Exclusive Advisor for Triple Net Leased Bank of America Sale


The Boulder Group, a national single tenant net lease investment brokerage firm, has been named the exclusive advisor for the sale of a Bank of America property at 3010 South Kedzie Avenue in Chicago, Illinois.

The investment sales team will be led by Boulder Group President Randy Blankstein and partner Jimmy Goodman who are marketing the property on behalf of a Midwest based developer. The property is listed for sale with an asking price of $3,979,817

The property is located on the hard corner of the intersection of South Kedzie and West 30th Street. The site benefits from steady traffic flow along Kedzie Avenue with approximately 18,000 vehicles per day passing the site daily. Less than three-quarters of a mile away from the property is the Interstate 55 interchange. Interstate 55 has traffic volumes of 191,000 vehicles per day and is the primary traffic way connecting the southwest suburbs with downtown Chicago. Nearby retailers to the Bank of America property include Subway, Dunkin Donuts and Baskin-Robbins. There is also a Chicago Transit Authority bus stop location on the corner of 30th Street and Kedzie Avenue directly across from the property.

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 arranged the acquisition and disposition of more than $1.2 billion of net lease real estate transactions through several real estate cycles. The firm’s website is www.bouldergroup.com

Thursday, October 13, 2011

The Boulder Group Awarded Disposition Of A Portfolio of Nine Walgreens Properties Valued at $70 Million on the East Coast


The Boulder Group, a national single tenant net lease investment brokerage firm, has been selected as the exclusive advisor for the sale of a Walgreens portfolio consisting of nine properties located on the east coast. The properties are located in Connecticut, Massachusetts, New Hampshire and New Jersey.

The investment sales team will be led by Randy Blankstein and Jimmy Goodman of The Boulder Group who are marketing the portfolio on behalf of a private investment company. The portfolio is listed for sale with an asking price of $70 million. The properties are all leased to Walgreens on a long term basis and will only be sold as a portfolio.

The portfolio includes the following Walgreen’s properties:

1. 980 Farmington Avenue in Berlin, CT (Hartford MSA)

2. 1036 West Main Street in Branford, CT

3. 880 North Montello Street in Brockton, MA (Boston MSA)

4. 1 Glenwood Avenue in Dover, NH

5. 17 Crystal Avenue in Derry, NH

6. 897 Main Street in Melrose, MA (Boston MSA)

7. 20 West Kings Highway in Mount Ephraim, NJ (Philadelphia MSA)

8. 1131 US Highway 46 in Ledgewood, NJ (New York MSA)

9. 500 Egg Harbor Road in Sewell, NJ (Philadelphia MSA)

“This portfolio represents a rare opportunity for an investor to acquire a large portfolio of long term triple net leased Walgreens properties” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Walgreens properties with over 20 year lease terms are one of the most sought after assets in the single tenant net lease market, and we anticipate strong demand for this portfolio.”

About The Boulder Group

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 more than $1.2 billion of net lease real estate transactions through several real estate cycles. More information on the firm can be found at www.bouldergroup.com

Thursday, September 8, 2011

The Boulder Group Arranges Sale of Single Tenant Dollar General Property in the Augusta, GA MSA


The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Dollar General property located in Grovetown, GA for $987,000. The 9,100 square foot building sits on a 1.32 acre parcel and is 100% leased to Dollar General on a long term basis.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the developer in the transaction. The buyer was a private investor based in New Jersey and the seller was a private developer based in Georgia.

“Newly constructed Dollar General properties remain in high demand as they offer investors an attractive yield combined with no landlord responsibilities” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Our private investors are attracted to Dollar General properties as there are few tenants of this financial quality that execute fifteen year leases that are offered near the million dollar price point.”

About The Boulder Group

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 more than $1.2 billion of single tenant net lease real estate transactions through several real estate cycles. The Boulder Group is headquartered in suburban Chicago. More information on the firm can be found at www.bouldergroup.com

Friday, August 19, 2011

Randy Blankstein, President of the Boulder Group, to Speak at Interface Net Lease Conference


Randy Blankstein, President of national net lease advisory firm The Boulder Group, will be a featured speaker at the Interface Net Lease Conference in New York on September 21st, 2011. He will be on a panel discussing the State of the Net Lease Market.

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 firm’s internet address is www.bouldergroup.com

Thursday, July 21, 2011

The Boulder Group Completes Sale of a Ground Leased Logan’s Roadhouse Property in Salina, KS


The Boulder Group, a net leased investment brokerage firm, has completed the sale of a ground leased Logan’s Roadhouse property located at 3050 Riffel Drive in Salina, KS for $1,446,000.

The 6,533 square foot building was developed in 2008. The property is located just off the heavily traveled intersection of Schilling Road and South 9th Street. The building is adjacent to a Wal-Mart Supercenter, Courtyard Marriott and a Hampton Inn. The property is ground leased on an absolute net basis to Logan’s Roadhouse for a 20 year lease term. Logan’s Roadhouse is a private company that operates 211 restaurants in 23 states.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction. The seller was a Kansas based developer and the buyer was a Chicago based high net worth investor.

“Ground leased properties remain in high demand as they offer a secure investment that combines above average rental escalations with zero landlord responsibilities” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “The single tenant marketplace remains active for high net worth individuals looking to diversify their investment portfolios.”

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