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Wachovia Acquires 16 Walgreens for $85M

CHARLOTTE, NC-Wachovia Corp. buys 16 Walgreens-leased properties in eight states for $85 million-plus from Chicago-based Equity Capital. The assets are located in the Midwest and Southwest regions of the US.

By Dana Dubriwny | Updated on July 17, 2005

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CHARLOTTE, NC-Locally based holding company Wachovia Corp. recently purchased 16 properties leased by Walgreen Co. in eight states for $85 million-plus from the privately held Chicago-based Equity Capital Management LLC. The assets are located in the Midwest and Southwest regions of the US.

All the properties are leased on a long-term basis to Walgreens and consist of stores in Georgia, Illinois, Iowa and Texas, as well as five locations in Kansas and Michigan, three stores in Missouri and three stores in Ohio.

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