Boulder Group Arranges $3.3 Million Sale of PNC Bank Ground Lease in Metro Chicago

Saint Charles, Ill. — The Boulder Group has arranged the $3.3 million sale of a PNC Bank ground lease in Saint Charles, about 40 miles west of Chicago. The 3,586-square-foot building is located at 3879 E. Main St. The property serves as an outparcel to a Target-anchored shopping center. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a private, Midwest-based real estate investor. An undisclosed Midwest-based buyer acquired the property through a 1031 exchange.

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