Elgin, Ill. — The Boulder Group has arranged the sale of a single-tenant property net leased to Jewel-Osco in this Chicago suburb of Elgin, Illinois, for $14.8 million.
The 69,129-square-foot building, located at 1660 Larking Ave., was remodeled in 2009. Jewel-Osco has approximately 19 years remaining on its lease. Randy Blankstein and Jimmy Goodman of Boulder represented both parties in the transaction. A Los Angeles-based real estate firm completing a 1031 tax-deferred exchange purchased the asset. A Southwest-based private real estate investment company was the seller.