ALABAMA WALGREENS SELLS

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CHELSEA, ALA. — Grubb & Ellis Realty Investors has acquired a 14,800-square-foot Walgreens building in Chelsea on behalf of a private investor, from Chelsea Corners LLC, for an undisclosed amount. The property is situated on 1.7 acres of land at 164468 Block US Highway 280 and is 100 percent leased to Walgreens. Grubb & Ellis Realty Investors represented the buyer, and the seller was represented by Lior Regenstreif of Marcus & Millichap’s Encino, Calif., office.

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