CVS hires New York real estate firm to help dispose of leases




CVS Corp., said it has retained DJM Asset
Management LLC to help it dispose of leases for 51 CVS pharmacies
in 16 states.


CVS hired DJM, a real estate consulting firm based in
Melville, NY, to help it dispose of leases in Alabama,
Georgia, Illinois, Indiana, Maryland, Michigan, North Carolina,
New Jersey, New York, Ohio, Pennsylvania, South Carolina,
Tennessee, Virginia and West Virginia.

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Shares of Woonsocket-based CVS, which operates
more than 4,000 CVS pharmacy stores in the U.S., rose 56 cents, or
1.7 percent, to $34.33. They’ve fallen 39 percent in the past 12
months.




The stores range in size from 2,800 to 24,952 square feet and
are located in strip malls, central business districts and other
areas, DJM said in a press release distributed by PR Newswire.
Officials couldn’t be immediately reached to comment.



Bloomberg News

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