AMERICAN ASSET ACQUIRES WALGREENS PROPERTY IN MINNESOTA

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ALEXANDRIA, MINN. — American Asset Management Services (AAMS) has acquired a Walgreens property in Alexandria for an undisclosed price. Located at 910 Broadway St., the 38,460-square-foot land asset includes a Walgreens store and adjacent land. The seller was Gendell Partners Alexandria LLC, an entity affiliated with Wilmette, Ill.-based Terraco. AAMS currently owns and operates 2 million square feet of retail space in six states.

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