DEERFIELD, IL-Walgreens and real estate broker Jones Lang LaSalle reported on Tuesday that the nation's largest drugstore chain had completed the sale of six buildings at its headquarters complex here to Realty Income.
The transaction involves 574,000 square feet of office space on 38 acres and includes a long-term agreement to lease back the space, according to the Chicago Tribune.
"We're going to continue to use those buildings; it doesn't really change how we use them or mean we're moving anyone around," said Michael Polzin, a Walgreen spokesman. "It's pretty much just a financial transaction and nothing beyond that." An industry source told the newspaper the purchase price for the Walgreens property was approximately $85 million. See story in the Chicago Tribune.
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