SIx area Walgreens sold in portfolio sale

Miami’s Limestone Management and Orion Real Estate Group team up to acquire 27 of the chain’s pharmacies, mostly in Florida, for $133 million.

By Kevin McQuaid
| 12:00 p.m. July 1, 2021
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COURTESY PHOTO â€” Limestone Asset Management and Orion Real Estate Group teamed up to acquire 27 Walgreens stores in a $133 million portfolio deal.

Commercial Real Estate

A joint venture between a pair of Miami-based firms that have been active Gulf Coast commercial real estate buyers have purchased a portfolio of Walgreens drug stores for $133 million — including six of the chain’s stores within the region.

Limestone Asset Management and Orion Real Estate Group closed on the 27 Walgreens stores earlier this month. Six of the stores are located in Tampa, St. Petersburg, Lakeland, North Port, Punta Gorda and Port Charlotte, records show.