Walgreens
How Walgreens’ Store Closings Will Affect Landlords
As the drugstore chain plans to shutter hundreds of locations, how will the move affect retail investors? Net lease executives weigh in.
Welltower Adds to MOB Growth Spurt
The company has agreed to pay $140 million to buy a 270,000-square-foot complex in Berkeley Heights, N.J., from its tenant, which will continue its occupancy under a new 20-year lease.
Partnership Sells MOB on Chicago’s North Side
Stanton Road Capital purchased the five-story lakefront medical office building from CarVal Investors and Zeller Realty Group.
FedEx Unveils Autonomous Delivery Robot
Developed in collaboration with DEKA Development and Research Corp., the product is designed to help retailers make same-day and last-mile deliveries to their customers.
HFF Completes Southeast Houston Retail Asset Sale
Lister Property Co. sold the roughly 14,000-square-foot property to a Chinese family trust. Walgreens is the only tenant of the building.
Atlanta Retail Asset Trades for $12M
GDC Properties sold a Walgreens-anchored 45,279-square-foot shopping center in the city’s Cascade corridor. A private investor purchased the asset using a Deutsche Bank loan.
Matthews Arranges $42M Sale of San Diego Retail Center
Located at the intersection of College and Oceanside Boulevard, the free-standing Walgreens was sold individually to a private buyer from northern California.
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.
Boulder Group Completes IL Retail Deal
The buyer, an East Coast-based private investment group, paid $7.2 million for the net-leased Walgreens property. The transaction was a 1031 exchange.
Salem Sells Flagship Walgreens in Hawaii
A Korean investment firm purchased the retail asset for $42.3 million. Salem is pursuing entitlements to redevelop the adjacent site to the store into a hotel/condominium project.
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