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ARCADIA, CALIF. — Oakland, Calif.-based Arcadia Burge LLC has purchased a 12,610-square-foot Walgreens property, which is located at 245-253 E. Foothill Blvd. in Arcadia. San Pedro, Calif.-based Rich Arcadia LLC sold the property for $7.69 million. The property was completed in 2003. Dennis Vaccaro of Irvine, Calif.-based Faris Lee Investments represented the seller; the buyer was represented in-house.