Net Leased First Midwest Bank Portfolio Sale Arranged

The Boulder Group, a net leased investment brokerage firm completed the sale of nine single tenant First Midwest Bank properties located throughout Illinois for approximately $46,600,000.

The nine net leased First Midwest Bank locations feature leases with approximately ten years remaining in the primary term. They also host a list of renewal options with rental escalations. Each property is positioned within a retail corridor.

“Portfolios of high quality single tenant investment grade properties are in high demand, but not in abundant supply,” said Jimmy Goodman, Partner of The Boulder Group.  Randy Blankstein, President of The Boulder Group, added, “Net Lease Investors are seeking banks with strong deposit histories along with long term lease agreements.”

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in single tenant 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 over $6 billion of single tenant net lease real estate transactions. From 2012-2020, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com

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