Pharma Property Group Closes 2 Walgreens in One Week to an Institutional Buyer
“We are proud to announce the closing of two Walgreens transactions to an institutional buyer within the same week. One Walgreens was located in Texas and the other Walgreens was located in Georgia. Both Walgreens had been on market for over 90 days and we located the buyer with whom we have closed in the past,” explained, Jason Stuart Pongsrikul, Managing Broker of Pharma Property Group.
“PPG has the ability to close transactions with a variety of capital sources including private and institutional groups throughout the country. These two closings are a great example of our ability to sell our Walgreens listings opportunistically to institutional capital as we recognize certain drugstore acquisition requirements before the typical net leased broker allowing us to get our listings in front of the right buyers at the right times,” stated Mr. Pongsrikul.
Based in San Diego, California, Pharma Property Group (www.pharmapropertygroup.com) was founded in 2012 by Jason Stuart Pongsrikul who has closed over $1 Billion in net leased commercial properties throughout the country during the last decade.
Pharma Property Group (PPG) specializes in providing commercial real estate services to landlords who own properties occupied by Walgreens, CVS and Rite Aid. Pharma Property Group is one of the top brokerage firms in the country in drugstore property closing volume and has an unparalleled drugstore marketing platform providing access to the largest pool of drugstore landlords in the nation.
Pharma Property Group
5322 Banks Street
San Diego, CA 92110
Office: (619) 297-0055