Wednesday, February 24, 2010

Local investor buys 300 CVS stores

Dallas-based investor Landes Group has bought more than 300 CVS Pharmacy stores located in 33 states.

The properties were acquired in several transactions last year and are valued at almost $1.4 billion, the private company said.

Landes bought the stores from retailer CVS, which will continue to occupy the buildings on long-term leases.

Barclays Capital was the primary investment banker in the transactions.

Landes Group headed by president and founder Brett Landes

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