NEW YORK CITY-Cushman & Wakefield announced Thursday that it served as the exclusive advisor in arranging the financing of five drug stores. The lender, Natixis, is providing $18 million in debt financing.
The sale comprises four Walgreens' located throughout the state of Michigan and one Rite-Aid in New York. The transaction was structured as two staggered closings to allow the borrower to avoid prepayment penalties. The ten-year senior financing is being provided by Natixis, with $10.8 million having closed in August and the remaining funding of $7.2 million having closed earlier this month.
A Cushman & Wakefield equity, debt and structured finance team of Steve Kohn, EVP, Dave Karson, executive managing director, Chris Moyer, director and Sridhar Vankayala, associate, were the exclusive advisers to the current owner.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
