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The Honolulu Advertiser

Posted at 10:13 a.m., Tuesday, November 20, 2007

Persis Corp. acquires Mainland CVS/pharmacy sites

Advertiser Staff

Honolulu-based real estate investment company Persis Corp. has paid $50 million for a portfolio of retail properties in five states.

The firm said it bought 12 CVS/pharmacy stores in California, Indiana, Illinois, Missouri and Georgia.

The CVS acquisition follows a sale by Persis of a commercial building in Illinois in September for $13 million.

Persis said the acquisition expands its property portfolio to 23 properties in nine Mainland states with tenants including Kohl's, Wal-Mart and office users.