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Boulder Group Completes $13M Jewel-Osco Deal in Lockport

The Boulder Group has completed the sale of a single-tenant Jewel-Osco grocery property in Lockport, IL for $12.95 million.

Randy Blankstein and Jimmy Goodman of the Boulder Group represented the seller, a Southwest-based private investment company.  The buyer acquired the property in a 1031 exchange.

The 67,450-square-foot building at 16625 W 159th St. sits on a 10.34-acre parcel along Lockport’s primary thoroughfare. There are over 100,000 people living within a five-mile radius of the property, with average annual household income of $94,840.

Other retailers are located nearby, including a Walmart Supercenter, Walgreens, Starbucks, Aldi and Chase. Additionally, the property is located in close proximity to the 3,596-student Lockport Township High School East campus, which drives continual traffic to the corridor.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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
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