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Chicago & Midwest  + North Side  + Net Lease  | 
3556 North Ashland Avenue Chicago PNC Bank

Boulder Group Closes Sale of Wrigleyville Bank Branch

The Boulder Group completed the sale of a net-leased PNC Bank at 3556 N. Ashland Ave. in the North Side’s Wrigleyville neighborhood. The 2,500-square-foot bank branch sold for $6,200,000. 

Randy Blankstein and Jimmy Goodman of The Boulder Group represented both parties in the sale. The seller was a local real estate investor and the buyer was in a 1031 exchange. 

“Bank properties with strong deposit histories continue to garner significant investor interest” said Blankstein, president of The Boulder Group.   

Added Goodman, partner of The Boulder Group, added, “Net lease investors continue to be attracted to single tenant properties in core urban areas.” 

The property is located on the west side of Wrigleyville in the middle of multiple shopping centers while being one mile from Wrigley Field. The lease has 14 years remaining. 

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The 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