Oak Street funds target Walgreens

Chicago private equity firm's move comes as net-leased properties have gained in popularity


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  • | 6:00 a.m. March 5, 2021
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COURTESY PHOTO — Oak Street Real Estate Capital funds have been buying Walgreens' pharmacies throughout the Gulf Coast.
COURTESY PHOTO — Oak Street Real Estate Capital funds have been buying Walgreens' pharmacies throughout the Gulf Coast.
  • Commercial Real Estate
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A Chicago private equity firm has acquired a handful of Walgreens drug stores throughout the Gulf Coast since the beginning of the year, property records indicate.

Oak Street Real Estate Capital LLC has spent nearly $30 million to purchase the five stand-alone drug stores from Walgreen Co., the nation’s second-largest pharmacy chain.

 

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