Walgreens to shutter 600 stores

Article Posted on DrugStoreNews.com | October 25, 2017 View Original Article Here   Walgreens to shutter 600 stores by next spring as part of Rite Aid purchase     DEERFIELD, Ill. — Walgreens Boots Alliance expects to shutter about 600 stores in the wake of its purchase of 1,932 stores from rival Rite … [Read more...]

Walgreens Secures Regulatory Clearance to Purchase 1900 Rite Aid Stores

Article Originally Posted on Walgreens.com | September 19, 2017 View Article Here       DEERFIELD, Ill., 19 September 2017 - Walgreens Boots Alliance, Inc. (Nasdaq: WBA) announced today that it has secured regulatory clearance for an amended and restated asset purchase agreement to purchase 1,932 stores, three … [Read more...]

Walgreens, Rite Aid Call Off Merger, Forge Acquisition Deal

Published on GlobeSt.com | June 29, 2017 Written by Paul Bubny View Original Article Here     Nearly 2,200 Rite Aid locations will make the transition to the Walgreens brand, with the stores coming into the Walgreens Boots Alliance fold on a phased basis.   DEERFIELD, IL—Walgreens Boots Alliance Inc. and Rite Aid … [Read more...]

Walgreens, Rite Aid Forced to Amend Their Merger as New Administration Takes Over

Posted on Costar.com | January 30, 2017 By Mark Heschmeyer | View Original Article Here     Not having their hopes fulfilled that their $17.2 billion merger would win approval before President Obama left office, Walgreens Boots Alliance Inc. (NASDAQ: WBA) and Rite Aid Corp. (NYSE: RAD) extended their agreement to give new … [Read more...]

Drug Store Retailers Remain Steady

Posted on GlobeSt.com | August 15, 2016 Written by Jonathan Hipp, Calkain   View Original Article Here     CVS and Walgreens are in a constant battle for the biggest share of the market. CVS acquired Omnicare and Target’s pharmacies last year and Walgreens is in the process of acquiring Rite Aid by the end of this … [Read more...]

Rite Aid Buy Makes Ripples in NNN Market

Posted 11/3/2015 | GlobeSt.com By Brian J. Rogal View Original Article Here CHICAGO—The recent decision by Walgreens to buy Rite Aid for more than $9.4 billion in cash will set off ripples in the market for triple net lease properties. Drug stores like these are among the most popular options for investors, but the uncertainty … [Read more...]

Walgreens Likely To Go on Real Estate Diet if Deal for Rite Aid Wins Approval

Published on Costar.com | October 28, 2015 Written by Mark Heschmeyer View Original Article Here   Rite Aid Accepts $17.2 Billion Buyout Offer from Walgreens Boots Alliance, Execs See $1 Billion in Cost Savings   The newly announced merger agreement between Walgreens Boots Alliance Inc. and Rite Aid Corp. has the potential … [Read more...]

CVS and Walgreens Completely Dominating the U.S. Drugstore Industry

Posted on Business Insider | July 29, 2015 Written by Corey Stern View Article Here   The days of filling your prescription at your local mom-and-pop pharmacy are almost gone.   Today, two chains — CVS and Walgreens — together control at least half the drugstore market share in almost every major US city.   In a … [Read more...]

Barr & Bennett Net Leased Investment Group Completes $3.4 Million Sale of Shopping Center in Huntley, IL

Huntley, IL—July 30, 2015— Ryan Barr and Ryan Bennett, Principals at Lee & Associates, one of the largest national commercial real estate providers with regional expertise, represented the seller on the sale of a 9,181 square foot shopping center in Huntley Illinois for $3,412,000 or a 7.37% capitalization rate. The Huntley Shops strip center … [Read more...]