Orion Acquires 2 Portfolios of Walgreens Properties for Nearly $200 Million by Kevin Sanz, CCIM, MSIRE

Posted on August 05, 2021

Orion Real Estate Group recently acquired two portfolios of a combined 41 Walgreens pharmacies in nine states for a total purchase price of more than $195 million.

Orion, in a joint venture with Limestone Asset Management, closed on a $133 million purchase of 27 freestanding Walgreens representing 207,000 square feet-of retail space across Florida, Ohio, South Carolina, Tennessee and Texas. Less than three weeks later, Orion closed on an additional $62 million portfolio of 14 Walgreens representing nearly 382,000 square-feet of space across Alabama, Arizona, Florida, Georgia, Massachusetts and Texas.

With offices in Miami, Orlando, New York City and Geneva, the team at Orion works with investors, developers, property owners and brokers through all phases of real estate transactions, from strategic planning and analysis to financing, negotiation, property management and disposition. For more information, call (305) 278-8400 or email info@orionmiami.com.