Jewel-Oscos Continue To Draw Buyers
Jewel-Osco seems to be the hot grocery store brand for investors right now.
It wasn't the first Jewel-Osco sold by Boulder this year. The company also just completed the sale of one at 1660 Larking Ave. in Elgin for $14.8M.
In addition, earlier this year, RREEF Property Trust, the daily net asset value REIT of Germany’s DWS Group, acquired Elston Plaza, a Jewel-Osco-anchored property at the intersection of Addison, Elston and Kedzie avenues.
“The market for stand-alone grocery properties remains active due to their built-in customer base,” The Boulder Group President Randy Blankstein said.
The Lockport building has 67K SF and sits on a 10.3-acre parcel along the town's primary thoroughfare.