GRUBB & ELLIS REALTY INVESTORS BROKERS SALE OF WALGREENS

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AUSTIN, TEXAS — Grubb & Ellis Realty Investors has finalized the purchase of a Walgreens building located at 5011 W. Slaughter Ln. in Austin. The buyer, a private investor involved in the Grubb & Ellis Wealth Management Program, purchased the 15,000-square-foot property from Maddaro Ltd. for an undisclosed amount. The property, which is built on approximately 2.5 acres of land and includes 74 parking spaces and a drive-thru pharmacy window, is 100 percent leased to Walgreens Co. Grubb & Ellis Realty Investors represented the buyer in the transaction, and Hunington Properties represented the seller.

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