Herrick Spends $100M on 29 Walgreens

MIAMI—Walgreens are a hot commodity—and harder for investors to get their hands on—in today's market. But Herrick Company managed to pick up 29 of them in one fell swoop.

By Jennifer LeClaire | Updated on August 20, 2014

MIAMI—Walgreens are a hot commodity—and harder for investors to get their hands on—in today’s market. But Herrick Company managed to pick up 29 of them in one fell swoop.

Herrick affiliates just spent $100 million to buy 29 pharmacy-retail properties in markets across the United States. All of the properties are occupied by Walgreens under long-term triple net leases.

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