Net Lease N Illinois TESLA-occupied building in Highland Park sells for $8.7M in 1031 exchange Chicago-based Berger Asset Management closed the sale of the Tesla Sales/Service Center property at 1200 Old Skokie Valley Road, Highland Park, Illinois. B+E, an investment brokerage firm specializing in net lease real estate, represented Kam Development in the $8,750,000 acquisition, completing a 1031 exchange.
Net Lease V Michigan Encore sells two-building retail outparcel in Detroit Encore Real Estate Investment Services sold Redford Marketplace, a two-building Meijer outparcel development in Detroit. The eight-suite retail center is leased to a mix of national and local tenants on staggered triple-net leases.
Net Lease N Illinois The Boulder Group facilitates sale of ground lease Portillo's property The Boulder Group, a Wilmette, Illinois-based net leased investment brokerage firm, has completed the sale of a single-tenant, ground-leased Portillo’s property located at 202 Landmark Drive in Normal, Illinois for $4,400,000. This sale marked the lowest cap rate for a Portillo’s property since 2017, according to CoStar.
Net Lease N Illinois Net-leased Wendy's in Elk Grove Village sells for $1.5 million Marcus & Millichap closed the sale of a 2,331-square-foot net-leased Wendy’s located in Elk Grove Village, Illinois, according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. The asset sold for $1,538,000.
Net Lease p Tennessee Marcus & Millichap closes sale of net-lease property in Tennessee Marcus & Millichap closed the sale of a 2,828-square-foot net-leased property in Sevierville, Tennessee. After multiple offers, the asset closed in less than 45 days from listing and sold for the asking price of $792,000.
Net Lease P Kansas Boulder Group closes $1.4 million net-lease sale in Kansas The Boulder Group completed the sale of a single-tenant net-leased Sketcher’s property at 6740 W. 119th St. in Overland Park, Kansas, for $1.475 million.
Net Lease V Michigan Marcus & Millichap sells 18,000-square-foot net lease property in Michigan Marcus & Millichap closed the sale of Tractor Supply, a 18,104-square-foot net-leased property in Saline, Michigan. The asset sold for more than $2.9 million.
Net Lease i Ohio Reichle Klein Group sells Dollar General-occupied building in Ohio Reichle Klein Group recently closed the sale of a Dollar General-occupied retail building in Oregon, Ohio.
Net Lease Midwest Boulder Group: Interest rate slowdown a boon for net lease market Expect a boost in net lease sales throughout the rest of the year if the Federal Reserve follows through on its plans to slow interest rate hikes.
Net Lease X Missouri Quantum closes sale of coffee shop in Missouri Quantum Real Estate Advisors completed the sale of a freestanding 445-square-foot Scooter’s Coffee at 3507 W. Broaday St. in Sedalia, Missouri.
Net Lease N Illinois STREAM Capital Partners arranges 99-year, $5M sale-leaseback in River North STREAM Capital Partners, LLC, a national net lease and sale-leaseback advisory group, has arranged the sale and leaseback of the ground beneath a building occupied by a longstanding popular tapas restaurant in Chicago’s River North submarket.
Net Lease N Illinois Boulder Group arranges sale of Chicago MSA CVS property The Boulder Group, a net-leased investment brokerage firm, has completed the sale of a single-tenant, net-leased CVS property located at 7929 North Avenue in River Forest, Illinois. A Midwest-based private partnership sold the property to a private investor in a 1031 tax exchange for $6,770,000.
Net Lease N Illinois Net-leased Bucktown property sells for $850,000 Marcus & Millichap announced the sale of a 1,400-square-foot, net-leased commercial condo property located in Chicago’s Bucktown neighborhood, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The buyer was selected six days after listing the asset and sold at 96.15 percent of list price for $850,000.
Net Lease i Ohio B+E selling Tesla property in Cleveland area B+E is marketing the Tesla retail property at 5180 Mayfield Road in Lyndhurst, Ohio, for sale for $6 million.
Net Lease O Indiana Stan Johnson Company sells healthcare building in Indiana Stan Johnson Company has completed the sale of a free-standing 3,800-square-foot healthcare building occupied by St. Vincent Medical Group. At 602 N. 5th St. in Middletown, Indiana, the facility is located 15 miles southwest of Muncie, Indiana and only one hour from Indianapolis.
Net Lease N Illinois Retail property sells in Chicago’s south suburbs for $3.7 million Marcus & Millichap announced the sale of a 7,098-square-foot retail property located in Flossmoor, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold to a local 1031 buyer at 97.8 percent of list price for $3,725,000.
Net Lease N Illinois Net-leased CVS sells for $3.2 million in Chicago Marcus & Millichap announced the sale of a 22,007-square-foot net-leased property located in Chicago, according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. The asset sold in an all-cash transaction within 95 percent of list price for $3,250,000.
Net Lease Midwest Commercial Real Estate Hall of Fame: The Boulder Group's Randy Blankstein Each year, Midwest Real Estate News elects a new class to its Midwest Commercial Real Estate Hall of Fame. Our 2018 class has just been announced, and copies of that issue have been sent. But before we start running those profiles online, we are highlighting the careers of the CRE pros who were selected for our 2017 Hall of Fame class. This week, we look at the successful career of Randy Blankstein, president of The Boulder Group in the Chicago suburb or Northbrook, Illinois.
Net Lease W Minnesota The Boulder Group sells TCF Bank in Minnesota The Boulder Group completed the sale of a single-tenant TCF Bank at 200 25th Ave. S in St. Cloud, Minnesota, for $3.1 million.
Net Lease N Illinois Bankruptcies and store closures agitate the big box, net lease market The wave after wave of retail tenant bankruptcies and store closures continues to have reverberations among active investors. However, though cap rates are on the rise, according to the Net Lease Big Box Sector Report released by Wilmette, Illinois-based The Boulder Group, the forecast is not all bad for this sector.