Walgreens buys 8 stores nationwide

Move adds 114,865 square feet to holdings

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Retailer Walgreens Co. has purchased eight properties it currently occupies for a price of nearly $34.8 million. The portfolio includes a 15,150-square-foot store in Hempstead, N.Y.; a 15,525-square-foot store in Sanford, Fla.; a 13,500-square-foot store in Colorado Springs, Colo.; a 13,905-square-foot store in Minneapolis; a 15,525-square-foot store in Ocala, Fla.; a 13,905-square-foot store in Denver; a 13,905-square-foot store in Lynn Haven, Fla.; and a 13,450-square-foot store in Niagara Falls, N.Y. Walgreen Co. exercised its right of first refusal to purchase the portfolio, which was sold by North Miami Beach, Fla.-based Lifter Realty. "The portfolio was marketed as a package due to a single loan encumbering a large portion of the portfolio," Marc E. Strauss, a senior director in brokerage Marcus & Millichap's Fort Lauderdale office, said in a press statement. "With six to 13 years remaining on the double-net leases, the properties were less attra...