Our News

June 6, 2013

Ackerman & Co. Announces Net-leased CVS Sale in West Virginia


West Virginia, June 6, 2013 – Ackerman & Co. continues with its winning formula to dispose of net-leased drugstores. Jason Powell, vice president of brokerage at Ackerman, has arranged the sale of another single-tenant CVS Pharmacy; this time, a 10,125-square-foot store in Parkersburg, W. Va. which sold for approximately $2.4MM.

The net-leased CVS, built in 2000, was sold by a Pennsylvania-based Trust to Arctrust Equities, LLC., out of New Jersey in an all-cash deal within 45 days.

– About Ackerman & Co. –

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired more than 30 million square feet of office, medical, retail and mixed-use space, has nearly 4 million square feet under management, and maintains an investment portfolio valued at $750 million.

The company’s Investment Sales and Retail team provide unsurpassed institutional underwriting and marketing that ensure optimum financial results.

For more information on Ackerman & Co., visit www.ackermanco.com