Walgreens Seeks to Dispose Former Rite Aid, Duane Reade Tenancies in NJ
The portfolio includes more than 20 properties and more than 240,000 square feet of total space.
HOLMDEL, NJ—Locally-based real estate services firm Bennett Realty & Development reports it has been retained by JLL to assist in the disposition of a portfolio of Walgreens tenancies throughout New Jersey that includes former Rite Aid and Duane Reade stores.
The portfolio includes more than 20 properties and more than 240,000 square feet of total space. BRD will provide sales, leasing and marketing support and will be responsible for valuation analysis, sourcing users, and selling real estate owned assets as well as all marketing efforts.
“We look forward to successfully executing this assignment in concert with JLL. Much of this real estate is irreplaceable and located in highly sought-after locales,” says Tyler Bennett, founder and CEO of Bennett Realty & Development.
Bennett Realty & Development is a boutique commercial real estate company with offices in New Jersey and North Carolina.