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Walgreens property changes hands for $5.15 million

Amherst commercial real estate developer Myron M. Hunt Inc. has acquired a Transit Road property in Clarence that holds a Walgreens Pharmacy, paying $5.15 million for the site at the northeast corner of Transit and County roads. The property is assessed for $3.4 million.

The 3.34-acre property at 6785 Transit had been owned by a limited-liability company controlled by Joseph Newman of The Phoenix Group NCR in Delray Beach, Fla.

The 14,736-square-foot store, which was built in 2006, is not affected by the transaction.

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