The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, has announced the acquisition of six 11,200-square-foot, free standing, Florida-based CVS/pharmacy stores totaling 67,500 square feet from The Sembler Company.
The portfolio consists of two stores in Orlando, Fla. and single locations in Gainesville, Fla., Vero Beach, Fla., Sarasota, Fla., and St. Petersburg, Fla. All six locations are under long-term leases with CVS/pharmacy, the retail division of CVS Caremark Corporation (NYSE: CVS) and America's leading retail pharmacy.
“Having a long-term lease deal with a strong-credit, national tenant like CVS/pharmacy already in place made this an excellent opportunity for us to expand our retail portfolio,” said Ray Ayers an Investment Manager for The Hampshire Companies. “The properties’ premier locations in high traffic areas coupled with CVS’s strong existing customer base fit perfectly within our retail investment strategy.”
Lori Schneider of Marcus & Millichap represented the seller in the transaction.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate investment firm based in Morristown, N.J. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on The Hampshire Companies is available online at HampshireRE.com.
R&J Public Relations