Pharma Property Group Facilitates Private 1031 Exchange
Pharma Property Group was engaged to exclusively represent a private family in the disposition of two high price point Walgreens leases with flat rents and one year option structures.
“The ownership group had concerns about inflationary pressures and potential risks involved with lease restructuring as the initial term continued to wind down. In two separate exchanges we were able to locate four replacement assets on long term leases with favorable rental increases providing upside in rent growth well into the future. We pride ourselves in assisting our clients in building strong diversified legacy portfolios and look forward to working with this family for years to come,” stated Chris Barry, Senior Vice President.
Pharma Property Group (PPG) has over $2 Billion in closing transaction experience and 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.
Chris Barry, Senior Vice President
Pharma Property Group
1979 Chicago Street
San Diego, CA 92110
Office: (858) 860-6591