Aug

Salem Sells Flagship Walgreens in Hawaii

A Korean investment firm purchased the retail asset for $42.3 million. Salem is pursuing entitlements to redevelop the adjacent site to the store into a hotel/condominium project.

Salem Partners sold its flagship Walgreens in Honolulu to a Korean investment firm for $42.3 million. This sale marks one of the highest prices for a store in Walgreens history.

The company is pursuing entitlements to redevelop the adjacent site to the store, located at 1500 Kapiolani Blvd. Walgreens will continue to occupy the 36,058-square-foot space under a long-term lease…

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Salem Sells Flagship Walgreens in Hawaii

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