CHICAGO—Transaction volume in the drug store sector slowed overthe past 18 months due to investor trepidation about the proposedmerger between the retail giants Walgreens andRite Aid, according to a new study out from theBoulder Group, a net lease firm in suburbanChicago. And until buyers know all the details of the deal,recently delayed and then approved by the government, they will continue tohedge their bets.
“Investors have a framework for how the merger will proceed butdo not know store level specifics,” RandyBlankstein, president of Boulder, tells GlobeSt.com. “Assoon as there is detailed store level closing level informationtransaction volume will pick up to previous levels and thus shouldbe a boost to the net lease sector.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
