{"id":1004190706,"date":"2017-09-18T07:31:28","date_gmt":"2017-09-18T15:31:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004190706"},"modified":"2022-12-08T14:00:43","modified_gmt":"2022-12-08T22:00:43","slug":"boulder-group-completes-il-retail-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/boulder-group-completes-il-retail-deal\/","title":{"rendered":"Boulder Group Completes IL Retail Deal"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004190711\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Walgreens-Lakemoore-Ill..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004190711\" data-attachment-id=\"1004190711\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/boulder-group-completes-il-retail-deal\/walgreens-lakemoore-ill\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Walgreens-Lakemoore-Ill..jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Walgreens, Lakemoore, Ill.\" data-image-description=\"&lt;p&gt;Walgreens, Lakemoore, Ill.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Walgreens, Lakemoore, Ill.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Walgreens-Lakemoore-Ill..jpg?w=800\" class=\"wp-image-1004190711 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Walgreens-Lakemoore-Ill..jpg\" alt=\"Walgreens, Lakemoore, Ill.\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Walgreens-Lakemoore-Ill..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Walgreens-Lakemoore-Ill..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Walgreens-Lakemoore-Ill..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004190711\" class=\"wp-caption-text\">Walgreens, Lakemoore, Ill.<\/p><\/div>\n<p>The Boulder Group, a brokerage firm specializing in\u00a0<a href=\"https:\/\/www.commercialsearch.com\/news\/boulder-group-brokers-retail-property-sale\/\">net-lease retail properties<\/a>, closed on a new deal in Lakemoor, Ill. The 14,820-square-foot property is anchored by Walgreens and cost the buyer, an East Coast-based private investment group, $7.2 million. Boulder represented the seller, a Midwest-based investment firm, in the 1031 exchange.<\/p>\n<p>\u201c<em>The market for Walgreens properties remains active as investors are attracted to investment grade rated companies with long term leases,<\/em>\u201d said Randy Blankstein, president of The Boulder Group, in prepared remarks. Blankstein and Jimmy Goodman, a partner with the firm, brokered the deal.<\/p>\n<h2>Highly-transited location<\/h2>\n<p>The retail facility is located at 28895 W. Highway 120 at the signalized intersection of Highway 120 and Darrell Road, where daily traffic volume surpasses 30,000 vehicles. The area features strong demographics. The average household income within a three-mile radius exceeds $97,000.\u00a0The tenant has an absolute triple-net lease at the location, which expires in 21 years.\u00a0<\/p>\n<p>\u201c<em>All investor types continue to be attracted to Walgreens properties. However, investors in 1031 exchanges have been amongst the most successful in purchasing these properties,<\/em>\u201d said Goodman in a prepared statement.<\/p>\n<p><em>Image courtesy of The Boulder Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The buyer, an East Coast-based private investment group, paid $7.2 million for the net-leased Walgreens property. The transaction was a 1031 exchange.<\/p>\n","protected":false},"author":1064,"featured_media":1004190711,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,13,21742,21749],"tags":[33428,32940,33839],"class_list":["post-1004190706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-midwest","category-latest","category-retail","tag-randy-blankstein","tag-the-boulder-group","tag-walgreens"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Boulder Group Completes IL Retail Deal - 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\/boulder-group-completes-il-retail-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boulder Group Completes IL Retail Deal\" \/>\n<meta property=\"og:description\" content=\"The buyer, an East Coast-based private investment group, paid $7.2 million for the net-leased Walgreens property. The transaction was a 1031 exchange.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/boulder-group-completes-il-retail-deal\/\" \/>\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=\"2017-09-18T15:31:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T22:00:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Walgreens-Lakemoore-Ill..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\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\\\/boulder-group-completes-il-retail-deal\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boulder-group-completes-il-retail-deal\\\/\"},\"author\":{\"name\":\"Gabriel Circiog\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fea14f28ef4cea0e4f36b0516e632ebb\"},\"headline\":\"Boulder Group Completes IL Retail Deal\",\"datePublished\":\"2017-09-18T15:31:28+00:00\",\"dateModified\":\"2022-12-08T22:00:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boulder-group-completes-il-retail-deal\\\/\"},\"wordCount\":199,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boulder-group-completes-il-retail-deal\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/09\\\/Walgreens-Lakemoore-Ill..jpg\",\"keywords\":[\"Randy Blankstein\",\"The Boulder Group\",\"Walgreens\"],\"articleSection\":[\"Brokerage\",\"Deals\",\"Midwest\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boulder-group-completes-il-retail-deal\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boulder-group-completes-il-retail-deal\\\/\",\"name\":\"Boulder Group Completes IL Retail Deal - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boulder-group-completes-il-retail-deal\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boulder-group-completes-il-retail-deal\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/09\\\/Walgreens-Lakemoore-Ill..jpg\",\"datePublished\":\"2017-09-18T15:31:28+00:00\",\"dateModified\":\"2022-12-08T22:00:43+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fea14f28ef4cea0e4f36b0516e632ebb\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boulder-group-completes-il-retail-deal\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boulder-group-completes-il-retail-deal\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boulder-group-completes-il-retail-deal\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/09\\\/Walgreens-Lakemoore-Ill..jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/09\\\/Walgreens-Lakemoore-Ill..jpg\",\"width\":800,\"height\":620,\"caption\":\"Walgreens, Lakemoore, Ill.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boulder-group-completes-il-retail-deal\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Boulder Group Completes IL Retail Deal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fea14f28ef4cea0e4f36b0516e632ebb\",\"name\":\"Gabriel Circiog\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ddbbbe4a5e8a5d029214b4a9099495111d971242a7b4ca0b89a5012990e1ab0?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ddbbbe4a5e8a5d029214b4a9099495111d971242a7b4ca0b89a5012990e1ab0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ddbbbe4a5e8a5d029214b4a9099495111d971242a7b4ca0b89a5012990e1ab0?s=96&d=mm&r=g\",\"caption\":\"Gabriel Circiog\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/gabrielcirciog\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Boulder Group Completes IL Retail Deal - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/boulder-group-completes-il-retail-deal\/","og_locale":"en_US","og_type":"article","og_title":"Boulder Group Completes IL Retail Deal","og_description":"The buyer, an East Coast-based private investment group, paid $7.2 million for the net-leased Walgreens property. The transaction was a 1031 exchange.","og_url":"https:\/\/www.commercialsearch.com\/news\/boulder-group-completes-il-retail-deal\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-09-18T15:31:28+00:00","article_modified_time":"2022-12-08T22:00:43+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Walgreens-Lakemoore-Ill..jpg","type":"image\/jpeg"}],"author":"Gabriel Circiog","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/boulder-group-completes-il-retail-deal\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/boulder-group-completes-il-retail-deal\/"},"author":{"name":"Gabriel Circiog","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fea14f28ef4cea0e4f36b0516e632ebb"},"headline":"Boulder Group Completes IL Retail Deal","datePublished":"2017-09-18T15:31:28+00:00","dateModified":"2022-12-08T22:00:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/boulder-group-completes-il-retail-deal\/"},"wordCount":199,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/boulder-group-completes-il-retail-deal\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Walgreens-Lakemoore-Ill..jpg","keywords":["Randy Blankstein","The Boulder Group","Walgreens"],"articleSection":["Brokerage","Deals","Midwest","News","Retail"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/boulder-group-completes-il-retail-deal\/","url":"https:\/\/www.commercialsearch.com\/news\/boulder-group-completes-il-retail-deal\/","name":"Boulder Group Completes IL Retail Deal - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/boulder-group-completes-il-retail-deal\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/boulder-group-completes-il-retail-deal\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Walgreens-Lakemoore-Ill..jpg","datePublished":"2017-09-18T15:31:28+00:00","dateModified":"2022-12-08T22:00:43+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fea14f28ef4cea0e4f36b0516e632ebb"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/boulder-group-completes-il-retail-deal\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/boulder-group-completes-il-retail-deal\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/boulder-group-completes-il-retail-deal\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Walgreens-Lakemoore-Ill..jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Walgreens-Lakemoore-Ill..jpg","width":800,"height":620,"caption":"Walgreens, Lakemoore, Ill."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/boulder-group-completes-il-retail-deal\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Boulder Group Completes IL Retail Deal"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fea14f28ef4cea0e4f36b0516e632ebb","name":"Gabriel Circiog","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6ddbbbe4a5e8a5d029214b4a9099495111d971242a7b4ca0b89a5012990e1ab0?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ddbbbe4a5e8a5d029214b4a9099495111d971242a7b4ca0b89a5012990e1ab0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ddbbbe4a5e8a5d029214b4a9099495111d971242a7b4ca0b89a5012990e1ab0?s=96&d=mm&r=g","caption":"Gabriel Circiog"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/gabrielcirciog\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Walgreens-Lakemoore-Ill..jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004190706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1064"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004190706"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004190706\/revisions"}],"predecessor-version":[{"id":1004190831,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004190706\/revisions\/1004190831"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004190711"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004190706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004190706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004190706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}