Sand Capital Subsidiary Acquires 47-Property CVS Portfolio for $275 Million

by Camren Skelton

Scottsdale, Ariz. — A subsidiary of Sand Capital has acquired a portfolio of 47 CVS/pharmacy stores located throughout the country for $275 million.

The stores include locations in Sedona, Arizona; Seattle; Wheaton, Illinois; Southern California; Dallas and Houston; and Tuscaloosa, Alabama. Some of the properties will be offered for sale. Sand Capital is a privately held real estate investment company controlled by the principals of Sandor Development Co., one of the largest privately held shopping center owners in the country. 

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