(ICSCRECON is coming up and GlobeSt.com has a month ofspecial coverage in the works. Don’t miss a bit ofit. Clickhere for more information.)
ENCINO, CA-Those who follow @GlobeStcom onTwitter may have seen a post teasing the announcement a fewdays ago, but GlobeSt.com has exclusively learned that the$24.93-million sale of four separate net-leasedWalgreens drugstores throughout the US has closed.The drugstores are located in Pennsylvania, Louisiana, Minnesotaand Georgia.
“In step with the economic recovery, nationaldrugstore chains stand as strong passiveinvestment vehicle opportunities which has andcontinues to outpace investment alternatives in return andreliability,” says Lior Regenstreif, a vicepresident of investments at Marcus & Millichap RealEstate Investment Services, who arranged the sale. “Notsurprisingly, more private buyers and exchange investors areincreasing their acquisition efforts in secondary and even tertiarymarkets.”
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
*May exclude premium content
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.