A property near downtown San Jose that features a Walgreens store — one of the few drug stores in the area — has been purchased by a Southern California real estate group.
SAN JOSE — A Walgreens store site near downtown San Jose — one of the few drug stores in the vicinity — has been bought by a Southern California real estate company.
Business records show Beverly Hills-based Elliot Megdal & Associates is involved in real estate development and investment, with expertise in retail properties. The drug store building totals about 15,200 square feet, a property database shows. The overall property, including the adjacent parking lot, totals 1.24 acres, or 54,000 square feet. The great majority of the property is the undeveloped surface parking lot.