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Thursday, April 1, 2010

WALGREENS PARTNERSHIP


San Francisco's GBLT Historical Society and Walgreens have partnered up for new square footage in the Castro.


The deal calls for the historical society to take over two-thirds of a defunct coin-operated laundry on 18th Street while Walgreens will expand its specialty pharmacy next door into the remaining space. The enlarged pharmacy will not be visible from the street, however, as the build-out for Walgreens will be contained within the building. The national chain will pay for the remodel of the interior space, seek the necessary permits from the city, and offer the storefront at a reduced rent to the historical society. The society will be paying $2,000 a month at first to occupy the building at 4127 18th Street. The rent will then go up to $3,000 in the second year and cap out at $4,000. "It is a good deal," said Paul Boneberg, executive director of the historical society. "It is a very generous offer from Walgreens."


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