According to Paramount Partners, CVS recently opened one of its newest locations at 178 Washington St., replacing the former South Shore Autolines car dealership. This newly constructed, free-standing building sits prominently on Rte. 3 with visibility from the highway.
CVS Caremark, headquartered in Woonsocket, R.I., is one of the largest pharmacy health care providers in the United States with over 7,600 stores in 45 states.
Deborah Meyers and Walter Steinkrauss, principals of Paramount Partners, represented the property owners in this transaction. The team provided lease negotiation guidance to the landlord on this complex deal and worked in concert with Deborah Constantine, director of real estate for CVS and Paul Beck of Gershman Brown Crowley to finalize the transaction.