Published:Monday, December 1, 2008 10:19 AM PST
Serving the South Coast of Oregon

Walgreens local store placement remains in limbo
Monday, December 1, 2008 10:19 AM PST

Is Walgreens going to open a store locally or isn’t it? That’s the question that no one seems to be able to answer.

There’s been talk the pharmacy company might build on the site where Dave’s Pizza is located, at the corner of Newmark Street and Woodland Drive in North Bend. Walgreens officials aren’t confirming it.

A Walgreens representative was looking at different sites, but no decisions have been made yet, according to a few sources, including company officials.

“We’re looking at sites, but there has not been anything confirmed at this point,” Denise Bennett, Walgreens administrative assistant at the corporate office in Deerfield, Ill., said.

David Sherwood, who owns the North Bend pizzeria, along with his wife Theresa Sherwood, said the couple has been in negotiations with a property management company, Village Properties, but he hasn’t heard from anyone lately.

“We’ve been in negotiations with them for a long time,” he said. “We haven’t heard anything for a couple of months, so we really don’t know what to think. It’s up to them now.”

He said he might know more by the end of the year.

Andy Nasburg, a Realtor with North Point Inc. Real Estate & Development in Coos Bay said a colleague has been talking to Walgreens Real Estate Manager Brian Hunter.

Nasburg said Walgreens turned down an area near Newmark Avenue and Laclair Street in Coos Bay a couple of months ago.

“(Hunter) said, if we find two and a half acres on Highway 101 in town they would consider it,” Nasburg said.

But Nasburg said there is no location like that available.

He said they haven’t heard from Hunter in a couple of months now and he’s not sure if they’re working with another real estate company.

At the end of October, Walgreens released a list of strategies that it initiated to increase the company’s revenue growth. That included a plan to slow store growth “to allow more time to develop the company’s management ranks and focus on improving the customer experience, while freeing up capital and enhancing flexibility to invest in Walgreens core business.”


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