Jewel Osco Lockport

February 4, 2019 Comments Off on Boulder Group Completes $13M Jewel-Osco Deal in Lockport Views: 411 Chicago News, Greater Chicagoland

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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