Real Estate Newsletter Oct 2016

Walgreens announced an extension to its proposed merger with Rite Aid. The merger was originally expected to take place at the end of 2016, but is now expected to close in early 2017. The delay is due to the companies determining which stores would be closed after the merger. Up to 1,000 Walgreens or Rite Aid stores are expected to be closed.

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Mike Lin, CRE