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The Boulder Group Arranges Sale of Net-Leased OfficeMax in East Peoria, Ill. for $2.8M

EAST PEORIA, ILL. — The Boulder Group has arranged the sale of a net-leased OfficeMax for $2.8 million located at 200 Riverside Drive in East Peoria. The 1.86-acre OfficeMax store is centrally located within Peoria’s primary retail area that is anchored by Bass Pro Shops, Walmart Supercenter, Lowe’s, Costco, Target, Kohl’s and Gordmans. There are over eight years remaining on the recently extended OfficeMax lease, which expires in October 2023. The lease features two five-year renewal option periods with rental escalations in each. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction, a Midwest-based family partnership. The buyer was a high-net-worth individual based in the Northeast.

Content Partners
‣ Arbor Realty Trust
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