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Upscale Walgreens Coming to Downtown Crossing

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Following on the success of its upscale stores in New York, Walgreens decided to open a similar store with expanded selection in the Downtown Crossing area of Boston.

The retailer has signed a lease for a 24,000-sq.-ft. former Borders space at School and Washington Streets, according to Boston.com. Scheduled to open in the fall, the store will include a grocery section, a sushi station and a hair salon, among other amenities.

Borders, which used to occupy 41,000 sq. ft. at the building, left the property last year in the wake of its liquidation. Walgreens will occupy the basement, first floor and mezzanine levels of the store. The landlord is currently negotiating with additional tenants to take over the store's second floor.

“We had hoped to draw a flagship retailer like Walgreens who would invest in this site. It's unlike any pharmacy you've ever seen,'' said Michael Murphy, executive director of Clarendon Group USA Inc., which owns the building. “Walgreens will bring an array of products that will address a lot of needs in the Downtown Crossing area.''

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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