Thursday, August 19, 2010

Walgreens Site Sold

Now that the hard work of getting all the necessary entitlements for a stand alone Walgreens have been completed, Bavar Properties has sold the site at the corner of Thunder Hill Road and Route 175 before construction has even started. 5585 Twin Knolls LLC purchased the property, along with the Walgreens lease, last month for just over $6 million.

Bavar Properties purchased the former BB&T bank branch four years ago for $2.7 million. After entering into a contract with Walgreens to build a 14,820 square foot store on the property, Bavar had to address traffic concerns and Barbara Russell in order to get a new site plan approved.

Columbia based Manekin Construction is handling the development and construction of the new store.
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