The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Discovery Clothing property located at 15645 South LaGrange Road in Orland Park, Illinois for $4,200,000.<\/p>\n
The 12,000 square foot net leased Discovery Clothing building was constructed in 2012 and is well located within one of the dominant retail destinations in the southwest suburbs of Chicago. Discovery Clothing has excellent visibility along South LaGrange Road, the areas primary north-south thoroughfare, which experiences traffic counts of 43,500 vehicles per day.\u00a0 There are over 165,034 people living within a five-mile radius of the property with average annual household incomes of $118,287 per year.<\/p>\n
Discovery Clothing Company is Chicago\u2019s largest independently owned junior fashion retailer.\u00a0 Discovery is a family-owned business started in 1986. Since the beginning, their mission has been to give customers the latest trends at the lowest prices. Discovery products sell fast, allowing buyers to bring new styles to their stores daily. Discovery operates more than 34 stores in Illinois, Indiana, Wisconsin and Florida. Discovery still runs as a family business by treating employees and customers like family.<\/p>\n
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller was an Israeli based real estate firm and the buyer was an east coast based institution.<\/p>\n
\u201cThe buyer sought this property for the tenant background and the dense retail location\u201d said Randy Blankstein, President of The Boulder Group.\u00a0 said Jimmy Goodman, Partner of The Boulder Group added, \u201cThe tenant currently has 34 locations across multiple states and continues to expand.\u201d<\/p>\n