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Net Leased Jewel Osco Trades in Orland Park

The Boulder Group recently completed the sale of a single-tenant net lease Jewel Osco property at 17930 Wolf Rd. in Orland Park, IL, an affluent suburb of Chicago. The 63,400-square-foot supermarket traded for $12.68 million to a high net worth West Coast 1031 investor.

Albertsons, the parent company of Jewel Osco, has 20 years remaining on its lease. The property was renovated in 2009, and features a drive-thru pharmacy.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Southwest-based private real estate investment company. “The market for stand-alone grocery properties remains active, as investors are attracted to the superb locations these types of properties are located in.” said Blankstein. Goodman added, “Investors pay a premium for 20-year net-leased assets, which are in limited supply.”


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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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