Buffalo Business First - January 21, 2006
Inland Western New York Portfolio LLC, an affiliate of the Chicago-based Inland Real Estate Group of Cos. Inc., acquired 22 properties, mostly Eckerd pharmacies, from Benderson Development Co. It is a follow-up to a 2003 deal that also saw Benderson sell a number of Eckerd properties to Inland including four in the immediate Buffalo Niagara region.
The properties include Eckerd pharmacy real estate along Sheridan Drive and Transit Road in the Town of Amherst, Main Street in Buffalo, Union Road in Cheektowaga and Transit Road in the Town of Lancaster. Outside of the region, the deal includes real estate in such locations as Liverpool, Saratoga and Newburg, said Daryl Cater, Inland spokesman.
Under the terms of the deal, Inland acquired the real estate where the pharmacies sit but Eckerd retains ownership of the buildings
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Saturday, January 21, 2006
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