Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Chicago & Midwest  + Midwest  + Net Lease  | 

Boulder Group Brokers $20M Deal for Single-Tenant Milwaukee Supermarket 

The Boulder Group completed the sale of a single-tenant net-leased Pick ‘n Save supermarket property in Milwaukee for $20,000,000. The firm’s Jimmy Goodman and John Feeney represented both the buyer, a national private real estate company, and the seller, a Milwaukee-based real estate investor. 

The 120,000-square-foot Pick ‘n Save property is positioned within a well populated retail area. It features a corporate guaranty from Kroger and has more than eight years remaining on the primary lease.  

“The market for standalone grocery properties remains active due to their built-in customer base,” said Goodman. Feeney added, “Investors pay a premium for grocery stores with a strong sales history.” 

Connect

Inside The Story

Boulder Group

About Paul Bubny

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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition