{"id":1004341682,"date":"2019-07-26T01:00:05","date_gmt":"2019-07-26T09:00:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004341682"},"modified":"2019-07-26T01:05:34","modified_gmt":"2019-07-26T09:05:34","slug":"landes-group-refinances-26-cvs-stores-valued-at-48m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/landes-group-refinances-26-cvs-stores-valued-at-48m\/","title":{"rendered":"Landes Group Refinances 26 CVS Stores Valued at $48M"},"content":{"rendered":"
\"Image<\/a>

Image by Infrogmation of New Orleans via Wikimedia Commons<\/em><\/p><\/div>\n

Dallas-based real estate investment firm The Landes Group has refinanced more than two dozen CVS stores with a combined value of more than $48 million. The 26 properties are located in 11 states across the U.S. and total 312,000 square feet.<\/p>\n

Chemical Bank, based in Detroit, advised The Landes Group in the refinancing. The deal was structured to allow flexibility with lease restructures and term extensions, according to The Landes Group. The financing also served to consolidate assets within the company\u2019s portfolio.<\/p>\n

The Landes Group, an active buyer and developer of single-tenant retail assets across the U.S. with tenants including Walgreens, NTB, Wawa, Service King and 7-11, first purchased the CVS properties in 2001. Since 2006, the company closed more than $16 billion in transactions.<\/p>\n

CVS Health has been a dominant player in the pharmaceutical net lease space, with more than 9,900 retail outlets. Last year, the company purchased health insurance giant Aetna in a $69 billion deal. The traditional uses of retail drugstores and pharmacies are shifting, as companies like CVS and Walgreens have begun creating partnerships<\/a> with health-care and tech companies to change and streamline how people get their drugstore and health-care needs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Located in 11 states across the U.S., the assets total 312,000 square feet. Chemical Bank advised the buyer and developer of single-tenant retail assets. <\/p>\n","protected":false},"author":745,"featured_media":1004341688,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,23891,21742,21749],"tags":[46475,35926,46472],"class_list":["post-1004341682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-national","category-latest","category-retail","tag-chemical-bank","tag-cvs-health","tag-the-landes-group"],"acf":[],"yoast_head":"\nLandes Group Refinances 26 CVS Stores Valued at $48M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/landes-group-refinances-26-cvs-stores-valued-at-48m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Landes Group Refinances 26 CVS Stores Valued at $48M\" \/>\n<meta property=\"og:description\" content=\"Located in 11 states across the U.S., the assets total 312,000 square feet. Chemical Bank advised the buyer and developer of single-tenant retail assets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/landes-group-refinances-26-cvs-stores-valued-at-48m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-26T09:00:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-07-26T09:05:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/1024px-Miami_Beach_CVS-e1564072627835.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"850\" \/>\n\t<meta property=\"og:image:height\" content=\"637\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Holly Dutton\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/landes-group-refinances-26-cvs-stores-valued-at-48m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/landes-group-refinances-26-cvs-stores-valued-at-48m\/\",\"name\":\"Landes Group Refinances 26 CVS Stores Valued at $48M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/landes-group-refinances-26-cvs-stores-valued-at-48m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/landes-group-refinances-26-cvs-stores-valued-at-48m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/1024px-Miami_Beach_CVS-e1564072627835.jpg\",\"datePublished\":\"2019-07-26T09:00:05+00:00\",\"dateModified\":\"2019-07-26T09:05:34+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/landes-group-refinances-26-cvs-stores-valued-at-48m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/landes-group-refinances-26-cvs-stores-valued-at-48m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/landes-group-refinances-26-cvs-stores-valued-at-48m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/1024px-Miami_Beach_CVS-e1564072627835.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/1024px-Miami_Beach_CVS-e1564072627835.jpg\",\"width\":850,\"height\":637,\"caption\":\"Image via Wikimedia Commons\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/landes-group-refinances-26-cvs-stores-valued-at-48m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Landes Group Refinances 26 CVS Stores Valued at $48M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d\",\"name\":\"Holly Dutton\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75\",\"caption\":\"Holly Dutton\"},\"description\":\"Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2018 and has reported on the real estate sector since 2012. She was previously with Real Estate Weekly and the Houston Chronicle. Connect with her on twitter: @HollyDutton\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/hollydutton\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Landes Group Refinances 26 CVS Stores Valued at $48M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/landes-group-refinances-26-cvs-stores-valued-at-48m\/","og_locale":"en_US","og_type":"article","og_title":"Landes Group Refinances 26 CVS Stores Valued at $48M","og_description":"Located in 11 states across the U.S., the assets total 312,000 square feet. Chemical Bank advised the buyer and developer of single-tenant retail assets.","og_url":"https:\/\/www.commercialsearch.com\/news\/landes-group-refinances-26-cvs-stores-valued-at-48m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-07-26T09:00:05+00:00","article_modified_time":"2019-07-26T09:05:34+00:00","og_image":[{"width":850,"height":637,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/1024px-Miami_Beach_CVS-e1564072627835.jpg","type":"image\/jpeg"}],"author":"Holly Dutton","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/landes-group-refinances-26-cvs-stores-valued-at-48m\/","url":"https:\/\/www.commercialsearch.com\/news\/landes-group-refinances-26-cvs-stores-valued-at-48m\/","name":"Landes Group Refinances 26 CVS Stores Valued at $48M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/landes-group-refinances-26-cvs-stores-valued-at-48m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/landes-group-refinances-26-cvs-stores-valued-at-48m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/1024px-Miami_Beach_CVS-e1564072627835.jpg","datePublished":"2019-07-26T09:00:05+00:00","dateModified":"2019-07-26T09:05:34+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/landes-group-refinances-26-cvs-stores-valued-at-48m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/landes-group-refinances-26-cvs-stores-valued-at-48m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/landes-group-refinances-26-cvs-stores-valued-at-48m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/1024px-Miami_Beach_CVS-e1564072627835.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/1024px-Miami_Beach_CVS-e1564072627835.jpg","width":850,"height":637,"caption":"Image via Wikimedia Commons"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/landes-group-refinances-26-cvs-stores-valued-at-48m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Landes Group Refinances 26 CVS Stores Valued at $48M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d","name":"Holly Dutton","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75","caption":"Holly Dutton"},"description":"Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2018 and has reported on the real estate sector since 2012. She was previously with Real Estate Weekly and the Houston Chronicle. Connect with her on twitter: @HollyDutton","url":"https:\/\/www.commercialsearch.com\/news\/author\/hollydutton\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/07\/1024px-Miami_Beach_CVS-e1564072627835.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004341682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/745"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004341682"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004341682\/revisions"}],"predecessor-version":[{"id":1004341895,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004341682\/revisions\/1004341895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004341688"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004341682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004341682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004341682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}