The Boulder Group Named Exclusive Advisor for Net Leased Allstate Property Sale
Woodridge, IL – March 13, 2012 – (RealEstateRama) — The Boulder Group, a national net lease investment brokerage firm, has been named the exclusive advisor for the sale of a single tenant net leased office building solely occupied by Allstate at 9022 Heritage Parkway in Woodridge, Illinois.
The investment sales team will be led by Boulder Group President Randy Blankstein and partner Jimmy Goodman who are marketing the property on behalf of a Midwest based private fund. The property is listed for sale with an asking price of $18,218,000
The 94,243 square foot Allstate office building was built in 2002 when Allstate consolidated five locations into this property. The property is benefitted by its strategic location along Interstate 55, with visibility from the interstate. The property was originally a build to suit project for Allstate and the tenant has recently extended its lease for over six years. Allstate is a publicly traded company on the New York Stock Exchange (ALL), with a market capitalization of $14 Billion. Allstate is an investment grade rated company with a Standard & Poor’s rating of A- and is currently ranked #89 on the “Fortune 500”.
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of more than $1.2 billion of net lease real estate transactions through several real estate cycles. The firm’s website is www.bouldergroup.com
