The Boulder Group Completes Sale of Net Lease Walgreen’s Building for $9.2 Million
National Net Lease Brokerage Firm The Boulder Group sells one of the highest priced Walgreens properties sold in 2010
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August 10, 2010 (FPRC) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreen’s property located at 189 Northwest Highway in Barrington, IL for $9.275 million. The 14,490 square foot building is 100% leased on a long term basis to Walgreen’s.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a private Chicago developer. Walgreen’s Barrington 1 LLC, a California based real estate investor, was the purchaser.
“This was one of the highest priced Walgreen’s sold in 2010 and demonstrates the desirability of core single tenant properties in the present market environment” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group added, “Walgreen’s properties in tier one metropolitan areas are in high demand and we remain active with Walgreen’s developers and owners.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant triple 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. More information on the firm can be found on our web site at www.bouldergroup.com
Send an email to Randy Blankstein of The Boulder Group
847-562-8500
Keywords:
triple net, net lease, single tenant
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