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Chicago & Midwest   /   March 11, 2021

Paul Bubny
By: Paul Bubny

French Buyer Snaps Up Oak Street Health Facility

The Boulder Group completed the sale of a single-tenant medical building at 1401 Western Ave. in Chicago Heights, IL for $4,835,629. The 13,943-square-foot medical building is net-leased to Oak Street Health, a Chicago-based network of primary care centers specializing in Medicaid patients.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller was a private real estate partnership, and the buyer was based in France.

“E-commerce resistant tenants in MSAs like Chicago remain a staple for net lease investors.” said Blankstein, president of The Boulder Group.  Goodman, partner with the net lease brokerage, added, “Medical and service based single-tenant assets are in high demand.”

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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