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Sycamore, Ill. — The Silver Group has arranged the sale of a single-tenant property occupied by Jewel-Osco in Sycamore, Illinois, located 40 miles southeast of Rockford.
The sales price was not disclosed. The 61,567-square-foot building, constructed in 2008, sits on 8.4 acres and contains a pharmacy and Starbucks Coffee. At the time of sale, there were 19 years remaining on the lease from Albertsons Cos. LLC. The Silver Group represented the buyer, a family partnership completing a tax-deferred exchange. An undisclosed insurance company provided acquisition financing.