The Boulder Group Arranges Sale of Huntington Bank in Chicago MSA

The Boulder Group Arranges Sale of Huntington Bank in Chicago MSA

The Boulder Group closes sale of Huntington Bank branch in Buffalo Grove

The Boulder Group completed the sale of a single-tenant net-leased Huntington Bank branch at 401 Deerfield Pkwy. in Buffalo Grove, Illinois, for $2,770,000. The Huntington Bank property is located at 401 Deerfield Pkwy in Buffalo Grove, Illinois, within the Chicago MSA. The property sits on a signalized hard corner at the intersection of Deerfield Road and Weiland Road. Deerfield Road and Weiland Road carry a combined traffic count of more than 33,700 vehicles per day. The property is in Lake County, Illinois, not Cook County. Huntington Bank occupies a 2.5-acre parcel that includes five drive-thru lanes. The 4,680-square-foot building was constructed in 1995. The site is adjacent to a major industrial corridor anchored by Rivian, Siemens, Tesla, Nemera, Kubota, Klein Tools, Sysmex America and Leider Greenhouses. The property is walkable to the Buffalo Grove Metra Station on the North Central Service line, which provides direct rail access to downtown Chicago. Randy Blankstein, Jimmy Goodman and John Feeney of The Boulder Group represented both parties in the transaction. The seller was a Midwest-based real estate fund. The buyer was a West Coast-based individual investor. Huntington Bank operates under a triple net (NNN) lease at the property. The lease expires on July 31, 2031, leaving approximately five years of remaining term. The lease includes two five-year renewal options. Rental escalations increase by the greater of ten percent or the cumulative change in the Consumer Price Index at each renewal option period. Under the NNN lease structure, the landlord holds zero responsibilities for taxes, insurance or maintenance. Huntington Bank exercised its most recent renewal option in December 2025, underscoring its long-term commitment to the site.

Boulder Group Arranges $2.8M Sale of Huntington Bank-Occupied Retail Property in Metro Chicago

BUFFALO GROVE, ILL. — The Boulder Group has arranged the $2.8 million sale of a single-tenant retail property net leased to Huntington Bank at 401 Deerfield Parkway in Buffalo Grove. The tenant occupies a 2.5-acre parcel that includes five drive-thru lanes. The 4,680-square-foot building was constructed in 1995. Randy Blankstein, Jimmy Goodman and John Feeney of Boulder Group represented the seller, a Midwest-based real estate fund, and the buye…