BOULDER GROUP ARRANGES $11M WALGREENS SALE IN NORTH MIAMI BEACH

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NORTH MIAMI BEACH, FLA. — The Boulder Group has arranged the $11 million sale of a triple net-leased Walgreens property at 15050 Biscayne Blvd. in North Miami Beach. The 14,500-square-foot property was built in 2010 and the lease features a unique 11 percent rental escalation in the primary lease term. Walgreens has 22 years remaining on its lease. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Montreal, Canada-based private partnership, in the transaction. The buyer was a Massachusetts-based limited partnership.

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