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NORTHBROOK, IL—The Boulder Group, a net leased investment brokerage firm in suburban Chicago, has just completed the sale of a single tenant PNC Bank ground lease located at 1996 Freedom Parkway in Washington, IL, for about $1.2 million. This is the third PNC Bank property that Boulder sold in 2014, company officials say. As reported in GlobeSt.com yesterday, a study by Boulder found that investors find banks the most appealing, especially those of investment-grade, and over the last four years the gap in overall cap rates between banks and other retail has widened to about 200 bps.


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