Midwest facility acquired via 1031 exchange

Investor trades industrial for office
Published on May 26, 2006

The Boulder Group this week announced it represented an investor in the purchase of an 84,000-square-foot office building in Columbus, Ohio. The value of the transaction was $9.7 million. J.P Morgan Chase holds a triple net lease at the property, which is located at 3401 Morse Crossing. A Chicago investor, RB 3401 Morse LLC, purchased the property as part of a 1031 exchange arising from the sale of an industrial building. The Boulder Group, based in Northbrook, Ill., is an investment real estate firm providing a full range of brokerage, advisory and financing services nationwide. ...