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CVS Pharmacy Sells for Over $6M

GIBBSBORO, NJ-DG Gibbs LLC acquires the 14,600-sf building at 70 Lakeview Dr. S. here from J&W Paintworks LLC for more than $400 per sf.

By Brianne Harrison | Updated on December 26, 2007

GIBBSBORO, NJ-The Nathanson Retail Group of Marcus & Millichap Real Estate Investment Services brokered the sale of a 14,593-sf CVS Pharmacy located at 70 Lakeview Dr. S. to DG Gibbs LLC. The property sold for $6.4 million or $436 per sf.

The newly constructed property, which sits on the old Paintworks site, was sold by J&W Paintworks LLC, which has built a number of drug stores in the Philadelphia area. J & W was represented by Brad Nathanson and Jordan Muchnick of the Nathanson Retail Group. The buyer was represented by Mark Thomson, an associate within the National Multi Family Group in Marcus & Millichap’s Philadelphia office.

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