Orion Real Estate Group, Limestone Asset Management Purchase 14-Property Walgreens Portfolio for $62.2 Million

by Julia Sanders

Miami — Orion Real Estate Group, via a joint venture with Miami-based Limestone Asset Management, has purchased a portfolio of retail properties leased to Walgreens for approximately $62.2 million. The portfolio includes 14 locations throughout the United States. Wells Fargo is providing acquisition financing. Kevin Sanz of Orion Real Estate Group led the buyer group. Brian Pfohl and Maury Vanden Eykel of CBRE represented the seller, Walgreens. This closing follows Limestone and Orion’s purchase of on an additional Walgreens portfolio for $133 million in June. The June portfolio encompasses 27 locations throughout the United States, which brings the total value between the two Walgreens portfolios to almost $200 million.

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