Last Sale Of A Chain Store Empire
Transactions: 260 North Ave, Westfield, NJ. Walgreens anchored center. Owner of property was 88 years old and the original owner of Drug Fair Pharmacy (a 50-store chain that was later bought out by Walgreens). We were able to help facilitate the complex transaction with financing attached and overcame many challenges including a cleaners with Perc found underground.
Silber was able to secure a buyer at an estimated $200,000 per unit, total of $18,000,000.