Rite Aid
Friedman, Taconic Buy 1.2 MSF Portfolio
This acquisition marks the first industrial investment for Taconic’s new fund.
COVID-19 Boosts Demand for Single-Tenant Drugstores
Cap rates for the property type increased while available stock declined, according to a new report from The Boulder Group.
Colliers Closes Washington Retail Deal
Reza Ghobadi and Ryan Marn worked on behalf of both parties in the transfer of the 17,384-square-foot building.
CBRE Secures Acquistion Loan for Los Angeles Retail Asset
Bruce Francis, Shaun Moothart, Dana Summers, Robert Ybarra, Doug Birrell and Jim Korinek worked on behalf of a local joint venture.
NC Triangle Retail Center Sells for $11M
Glenwood Square is a 51,900-square-foot grocery-anchored center in Chapel Hill. The asset traded for the first time in the past 25 years.
Are Net-Leased Pharmacies Just What the Doctor Ordered?
While recent M&A activity has consolidated the players in the pharmacy space and created some unknowns, investors in the sector are still more surefooted than they’ve been in recent years, notes JLL Senior Vice President Peter Bauman.
Walgreens-Rite Aid Uncertainty Impacts Net Lease Drug Store Sector
Transaction volume in the single-tenant drug store space slowed over the past 18 months due to investor concern about the failed Walgreens-Rite Aid merger. The Boulder Group President Randy Blankstein examines the effects.
CPE’s Top 5 July 2017 Articles
Miss out on any CPE stories in July? Here are five of our most popular articles for the month, including news on the $5.2 billion Walgreens-Rite Aid merger and a joint venture partnership between GGP and Seritage.
Marcus & Millichap to Market Net-Lease Portfolio
The group of 17 properties encompasses 200,000 square feet of retail space and carries a price tag of $77.3 million.
Merger of Drugstore Giants Changes Course
Under the new $5.2 billion deal, Walgreens Boots Alliance will purchase 2,186 stores from Rite Aid Co., along with three distribution centers and related inventory.