Midwest facility acquired via 1031 exchange

Investor trades industrial for office

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. ...