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Consolidated Tomoka Acquires Rite Aid in Renton, Washington for Approximately $6.6 Million

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Consolidated Tomoka Acquires Rite Aid in Renton, Washington for Approximately $6.6 Million Powered By Docstoc
					
				
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posted:7/26/2013
language:Japanese
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Description: DAYTONA BEACH, Fla.--(BUSINESS WIRE)--Consolidated-Tomoka Land Co. (NYSE MKT: CTO) today announced the acquisition of a 16,280 square-foot free-standing building situated on 1.60 acres leased to a subsidiary of Rite Aid in Renton, Washington, a suburb of Seattle. The property has approximately 13 years remaining an initial term of 20 years. The total purchase price was approximately $6.6 million. John P. Albright, President and Chief Executive Officer of the Company stated, “This acquisition con
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