Lowe

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When Armstrong closed on the propertu ina $15.3 million acquisitiojn last October, groundbreaking was expecte to occur in The sluggish retail economy delayed that Jack Dettweiler, Grubb & Ellis New Mexico, brokerecd the land transaction on behalf of the Unsedr family, which owned 36 acrea of the 50-acre property on the southwest cornerd of Unser SW and Central Avenue. Paul Blanchardd owned the balance of the acreage that was sold to but retained four acres where he planned to develop ahealthy club. The project includes a Home Improvement which will builda 150,000-square-foot store.
Rhodre Island-based CVS/Pharmacy is building one of itsfirst out-of-the-groundc drugstores in the city there. CVS is planningt other sites in the city as but most will occupyexisting buildings. Bob Feinberg and Tom Jonesz ofGrubb & Ellis NM represent Lowe’s and CVS.