Not including any discounts, the value of a 75-year lease payable at $15 per sf would total about $16.3 million.
Officials at Fort Lauderdale-based Stiles Corp., which owns the development site at Lyons and Sample roads in Coconut Creek, would not discuss terms of the contract and referred all questions to the Deerfield, IL-based retail pharmacy chain.
In a prepared statement, Carol Hively, a Walgreen corporate communications representative says the location was selected because it is in "strong trade area."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
