Pharma Property Group Sells Off-Market Short-Term Walgreens in North Atlanta Market

Closing

Pharma Property Group (PPG) is pleased to announce that the firm successfully arranged the sale of a short-term Walgreens property located in the North Atlanta market. The transaction was completed off-market, with PPG leveraging its extensive database of drugstore investors to locate a private buyer based locally in the Atlanta area.

 

“We are proud to have facilitated this off-market transaction for a short-term Walgreens asset, which highlights our team’s unique expertise in the drugstore property sector,” said Chris Barry, Partner at Pharma Property Group. “Our specialized approach allows us to consistently deliver favorable outcomes for our clients, in this instance bringing together two private owners for an off-market transaction and allowing for a seamless process for both parties from start to finish.”

 

The sale of this Walgreens property demonstrates PPG’s ability to effectively navigate the evolving landscape of the drugstore market. “Our deep connections within the drugstore space provide our clients with unparalleled access to buyers who are specifically targeting these types of assets,” Mr. Barry added. “This has proven to be a significant advantage, particularly in the current market, where we are seeing a ‘flight to quality’ from buyers. Walgreens and CVS properties continue to offer compelling returns, especially when compared to other similar net-leased assets.”

 

 

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Pharma Property Group (PPG) has over $2.5 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.

 

Jason Pongsrikul, Managing Principal

Pharma Property Group
1979 Chicago Street
San Diego, CA 92110
www.pharmapropertygroup.com
Office: (619) 297-0055