February 4, 2019
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.
For comments, questions or concerns, please contact Paul Bubny