Limestone Asset Management, in a joint venture with Orion Real Estate Group, acquired holdings of Walgreens stores for $133 million as holdings include 27 Walgreens stores throughout the United States.
This is the latest in a series of recent gains made by Miami-based Limestone, an affiliate of Orion directed by Ibrahim Al-Rashid, including deals in Pinecrest, Sarasota, and Orlando, Florida.
Son of a Saudi billionaire, Dr. Nasser Ibrahim Al-Rashid, the younger Al-Rashid founded Limestone in a joint venture with Orion, also based in Miami, in 2010.
Limestone holds assets exceeding $200 million across the United States.
Orion President Kevin Sanz led the buyer group, while CBRE’s Brian Pfohl and Maury Vanden Eykel handled it for the seller.