News

Gino's East property sells for more than $7M

Northbrook, Illinois-based The Boulder Group, a net leased investment brokerage firm, completed the sale of a Gino’s East property located in Chicago for $7,100,000.

January 15, 2015

Northbrook, Illinois-based The Boulder Group, a net leased investment brokerage firm, completed the sale of a Gino’s East property located in Chicago for $7,100,000, the company announced. Gino's East invested $1,000,000 in tenant improvements to the building to create a new flagship location.

Gino’s East is one of the original Chicago-style pizza restaurants, according to the announcement. In addition to its 11 locations, the company operates a mail-order business for customers across the U.S. to order frozen pizzas shipped overnight. It recently inked a ten year lease scheduled to expire in July 2023. The lease features 10 percent rental escalations and no landlord responsibilities.