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chi-PNCBank (2) The Boulder Group recently completed the sale of this PNC Bank Ground Lease located at 6616 Crossings Dr. SE in Walker, MI. for $1.5 million.

CHICAGO—Consumers can quickly alter their behavior in response to technological change, and that can in turn alter the needs commercial real estate tenants and landlords. The banking industry has become the latest sector to begin such a transformation, and real estate providers need to devise ways for banks to evolve with the times.

“Just like with traditional retail, there are a lot of disruptors out there,” Geno Coradini, executive vice president and lead of JLL’s retail group, tells GlobeSt.com. Ordinary retail outlets now have to contend with the rise of online shopping, and banks’ traditional locations now compete not just with cash-dispensing ATMs, but with mobile apps and FinTech.

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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