1031 Investor Picks Up Killdeer Whole Foods
The Boulder Group’s Randy Blankstein and Jimmy Goodman recently represented the seller in the $24.8-million sale of a single-tenant, net leased Whole Foods in Killdeer, IL. The seller was a Chicago-based real estate company, and the buyer was an East Coast-based investor in a 1031 exchange.
The 50,000-square-foot Whole Foods is located along Rand Road, the primary north-south thoroughfare in the area. Whole Foods has limited grocery competition in Kildeer, and is a relocation of a former store in a nearby town. The Whole Foods is situated in a thriving retail corridor with Nike, Nordstrom Rack, Apple, Anthropologie and Dick’s Sporting Goods.
Whole Foods anchors Kildeer Market Place, and is adjacent to Kildeer Village Square. Kildeer Market Place and Kildeer Village Square were recently constructed, 100% leased and feature Nike, Nordstrom Rack, Sierra Trading and DSW.
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