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  + Greater Chicagoland  + Net Lease  | 
The Boulder Group arranged the sale of a net-leased Firestone automotive center in Portage, Indiana in a 1031 exchange

Boulder Group Completes 1031 Deal for Firestone Store 

The Boulder Group completed the 1031 exchange sale of a single-tenant Firestone located at 5947 U.S. Hwy. 6 in Portage, IN for $4,094,000. The firm’s Randy Blankstein and Jimmy Goodman represented the 1031 exchange investor based in the Midwest. The seller of the 6,116-square-foot property was a national development firm. 

The property is located just five miles from Interstate 94, which drives a large portion of traffic through the region, and less than 38 miles west of downtown Chicago. Tenants in the immediate area include Walmart, Meijer, Harbor Freight, Petco, ALDI, Dollar General, Starbucks and several others.  

“Investors continue to search for e-commerce resistant tenants like Firestone” said Blankstein, president of The Boulder Group. Goodman, partner of The Boulder Group, added, “Net lease automotive properties continue to trade regularly into the third quarter of 2022.” 

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