US PROPERTY MANAGEMENT PURCHASES FREESTANDING WALGREENS FOR $7.87 MILLION

LOXAHATCHEE, FLA. — A freestanding Walgreens, located at 15940 Orange Blvd. in Loxahatchee has sold for $7.87 million. The buyer, US Property Management, was represented by Greg Woulfe of Morgan Property Group's Florida office. The seller, Loxahatchee Venture, was represented by Mark Drazek of CB Richard Ellis' Orlando, Fla., office, Todd Weintraub of CB Richard Ellis' Miami office, and Dave Donnellan and Bill Strauss of CB Richard Ellis' Palm Beach County, Fla., office.