SRS to drive nationwide store expansion for Walgreen Co.

Dallas - SRS Real Estate Partners has executed an exclusive agreement with Walgreen Co. to assist the retailer’s nationwide new store expansion and relocation strategy. SRS has been a long-time strategic consultant to Walgreens; leading the team for SRS are executive vice presidents Patrick A. Smith and Matthew D. Alexander, who will work closely with Walgreens to enhance the company’s existing store base while evolving its real estate management structure.



While the assignment officially begins in early December, Alexander and Smith have begun enlisting best-in-class brokers in each region as part of a national broker network to drive the Walgreens initiatives.



“Our former Real Estate Managers can be proud of the work they did over many years to provide Walgreens with the best retail footprint in the industry. With our goal of saving $1 billion over the next three years, we are looking forward to leveraging the SRS team to deliver the next generation of quality stores to our customers,” said Tom Connolly, VP of facilities development for Walgreen Co.