{"id":1004125456,"date":"2015-08-17T09:50:39","date_gmt":"2015-08-17T17:50:39","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=358132"},"modified":"2020-05-20T23:48:29","modified_gmt":"2020-05-21T07:48:29","slug":"the-boulder-group-goes-shopping-in-peoria","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-goes-shopping-in-peoria\/","title":{"rendered":"The Boulder Group Goes Shopping in Peoria"},"content":{"rendered":"

By Ioana Neamt, Associate Editor<\/em><\/p>\n

\"200<\/a><\/p>\n

The Boulder Group<\/a> has brokered the sale of a 1.86-acre retail property in Peoria, Ill. for $2.8 million.<\/p>\n

The Northbrook, Ill.-based firm closed the sale of the single-tenant OfficeMax<\/a> property located at 200 Riverside Drive in East Peoria, the suburb\u2019s primary retail area that is home to tenants such as Kohl\u2019s, Target, Costco, Walmart Supercenter and many others. The asset is also strategically located along the I-74, which is accessed by more than 60,000 vehicles per day.<\/p>\n

President Randy Blankstein and Partner Jimmy Goodman represented the seller\u2014a family partnership based in the Midwest. The buyer of the property is a Northeast-based high net worth individual.<\/p>\n

\u201cNet lease properties with residual real estate value are highly sought after amongst the investment community,\u201d said Randy Blankstein in a prepared statement. \u201cInvestors are particularly attracted to properties where the tenant has a long operating history at a particular location,\u201d added Jimmy Goodman.<\/p>\n

According to The Boulder Group, there are more than eight years remaining on OfficeMax\u2019s lease at the site, which expires in October 2023. The lease features two five-year renewal option periods, each with rental escalations.<\/p>\n

Image courtesy of The Boulder Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Boulder Group continues to add to its Windy City portfolio.<\/p>\n","protected":false},"author":192,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21742],"tags":[],"class_list":["post-1004125456","post","type-post","status-publish","format-standard","hentry","category-chicago","category-latest"],"acf":[],"yoast_head":"\nThe Boulder Group Goes Shopping in Peoria - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-goes-shopping-in-peoria\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Boulder Group Goes Shopping in Peoria\" \/>\n<meta property=\"og:description\" content=\"The Boulder Group continues to add to its Windy City portfolio.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/the-boulder-group-goes-shopping-in-peoria\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-17T17:50:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-21T07:48:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/OfficeMax.jpg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/the-boulder-group-goes-shopping-in-peoria\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/the-boulder-group-goes-shopping-in-peoria\\\/\"},\"author\":{\"name\":\"Ioana Neamt\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/993af2799cdaf5162633d320cf63ff16\"},\"headline\":\"The Boulder Group Goes Shopping in Peoria\",\"datePublished\":\"2015-08-17T17:50:39+00:00\",\"dateModified\":\"2020-05-21T07:48:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/the-boulder-group-goes-shopping-in-peoria\\\/\"},\"wordCount\":203,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/the-boulder-group-goes-shopping-in-peoria\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/08\\\/OfficeMax.jpg\",\"articleSection\":[\"Chicago\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/the-boulder-group-goes-shopping-in-peoria\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/the-boulder-group-goes-shopping-in-peoria\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/the-boulder-group-goes-shopping-in-peoria\\\/\",\"name\":\"The Boulder Group Goes Shopping in Peoria - 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