Walgreen June Sales Rise 4.8%, Topping Estimates

By Andria Cheng

NEW YORK (MarketWatch) — Walgreen Co. said Wednesday that its June same-store sales rose 4.8%. Analysts surveyed by FactSet estimated the drugstore chain to post a 2.8% increase. Comparable results included a 4.7% increase in non-pharmacy front end sales, helped by gains in both customer traffic and ticket per transaction. Comparable pharmacy sales rose 4.9%. Total sales climbed 6.8% to $6.04 billion.Walgreen had 8,184 locations as of June 30. Its shares were up slightly in premarket trading.

COMVEST Properties is proud of Walgreen’s success and of our contributions to that success by identifing desirable markets and building quality stores in the South. Visit www.COMVEST.net for more information about our development history with Walgreens and other outstanding retailers.

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Smoothie King Opening Soon on Courthouse Road

Gulfport, MS, June 2, 2011 – Construction of a new Smoothie King location is nearing completion on Courthouse Road in Gulfport. The 2,300 square foot out-parcel development at Centre at Courthouse features a drive thru and patio for the convenience of Smoothie King’s guests, as well as 1,200 square feet of additional retail space for a neighboring tenant.

Planning a mid-June Grand Opening, Smoothie King, is the premier smoothie bar and nutritional lifestyle center in the industry. Smoothie King offers original, nutritional, fruit and function-based, fresh-blended smoothies, as well as the new premium Smoothie King line of vitamins and supplements. Each Lifestyle Center also offers healthy retail product solutions in sport beverages, energy bars, healthy snacks, herbs, minerals and sports nutrition products. For more information, visit www.smoothieking.com.

Centre at Courthouse, whose tenants include Dollar Tree and Citi Trends was a featured project in the COMVEST Properties booth at the International Council of Shopping Centers’ annual RECon event in May. The shopping center’s Phase II expansion plans, offering 7,000 square feet of retail space, attracted the attention of several national retailers.

COMVEST Properties, LLC is a full-service commercial real estate company specializing in development, leasing and retail tenant representation. Together with its affiliate, Net Lease Developers, LLC, COMVEST is an active developer of shopping centers and single tenant net leased properties in Louisiana, Mississippi, Alabama and the Florida Panhandle. For more information about this project and COMVEST Properties visit www.comvest.net.