CBRE|Richmond Brokers $12 Million Sale of Walgreens in Virginia Beach

by Katie Sloan

Virginia Beach, Va. — CBRE|Richmond has arranged the $12 million sale of a Walgreens Pharmacy in Virginia Beach.

Sequoia Frankford Springs purchased the newly constructed property from Old Brandon First Colonial Associates LLC. Built in June 2015, the 14,200-square-foot, freestanding store is located at the intersection of Laskin and First Colonial roads. Craige Pelouze of CBRE|Richmond represented the seller, Old Brandon First Colonial Associates LLC, in the transaction.

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