CHICAGO-Construction is now underway for three new CVS pharmacies in west and southwest suburban Chicago as the Rhode Island-based drug store pushing ahead with its Midwest expansion plans. The program pushes on apparently in the face of economic uncertainty and stiff competition from the Chicago area’s leading pharmacy, Walgreen’s.

The new stores will be in west suburban Downers Grove; Elmhurst; and Joliet, in the southwestern part of the metro area. These three are in addition to one in north suburban Buffalo Grove announced late in the summer, and a second Downtown location recently unveiled. Gershman Brown & Associates is the developer of the west and southwestern stores, with Graycor as the general contractor.

The Elmhurst pharmacy, at North Avenue and York Road, comprises a 12,000-sf pharmacy and 8,000 sf of rentable space for additional tenants. The Downers Grove store, at Fairview and Ogden avenues, and the Joliet facility, at US Route 30 and North Raymor Avenue, each totals 10,880 sf. Scheduled for a 2001 completion, all three stores feature a full-service pharmacy with drive-through window access, photo lab and food mart.

CVS entered the Midwestern market in 1998. Currently, it has about 3,100 stores nationwide and revenues of more than $20 billion annually.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.