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Chicago & Midwest  + Downtown  + Retail  | 

Boulder Group Trades CVS in the Loop

The Boulder Group completed the sale of a single-tenant CVS Pharmacy at 520 S. State St. in the Loop for $4,992,000. The 8,781-square-foot CVS is located on the ground floor of a 180-unit residential condominium building.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented both sides in the transaction. The seller was a local real estate owner and the buyer was a real estate investment firm based in the Southeast.

CVS Pharmacy has more than 10 years remaining on its lease. Average household income within a one-mile radius of the property is $142,236.

“CVS drugstore properties with proven operating histories continue to garner significant investor interest,” said Blankstein, president of The Boulder Group.  

Goodman, partner of The Boulder Group, added, “Properties in central business districts remain in demand with all investor classes, especially with tenants such as CVS.”

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With Boulder Group's Blankstein and Goodman

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
  • ◦Lease