Taconic Capital Advisors and Friedman Real Estate completed the acquisition of four-property portfolio from Rite Aid for $46m.

Taconic Capital Advisors, a global institutional investment firm, and Friedman Real Estate, a commercial real estate agency, completed the acquisition of four-property portfolio from Rite Aid, an American drugstore chain, for $46m. “The deep demand for suitable logistics solutions in both the New York and Michigan regions presented a rare and powerful investment opportunity. This acquisition marks Taconic's first industrial investment as part of its new fund,” James Jordan, Taconic Capital Advisors CRE investments principal and portfolio manager.