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CHICAGO-Local investors sold a multifamily rental complex and a parking garage, then deferred their capital gains by exchanging into buildings leased to two discount retailers. The acquisitions, arranged by Northbrook-based The Boulder Group, totaled $16.7 million.

A 110,590-sf building in southwest suburban Tinley Park was bought for $10.2 million. Sam’s Club holds a 20-year triple-net lease on the property, which resulted in a capitalization rate of 7.3%. Proceeds from the sale of an apartment complex were used.

Meanwhile, another investor used the proceeds from the sale of a parking garage to buy a 114,513-sf building in Trotwood, OH. Wal-Mart holds a triple-net lease on the property for another five years. The capitalization rate on that property was a lofty 10.2%.

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