Real Estate Newsletter Jan 2017

In late December, Fred’s, a chain with 647 locations in the Southeastern US, agreed to purchase 865 Rite Aid stores for $965 million. The sale of these Rite Aid stores was required by the US Federal Trade Commission to avoid antitrust issues from the upcoming merger between Walgreens and Rite Aid. The merger is expected to be completed in the first quarter of 2017.

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Mike Lin, CRE