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January 4, 2005

By Michelle Napoli

In what is said to be the largest such deal in the drugstore retailer’s history, CVS Corp. closed on a $519-million sale-leaseback of 163 properties with affiliates of Staubach Capital Partners, based in Dallas, and a group of approximately 12 other investors. The properties were either owned or ground-leased pharmacies in 22 states, and average out to a little more than $3.18 million each.

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