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Corporate Chain Store News Southeast

CVS Completes Union Avenue Purchase

CVS Care Corp. has officially closed on the former Union Avenue United Methodist Church building at Cooper and Union in Memphis, Tenn., clearing the way for the company to build a drug store.

Operating as CVS 4992 TN LLC, Rhode-Island based CVS purchased the building for $2.25 million from St. Luke’s United Methodist Church.

CVS also bought a 3,200-s.f. building at 171 S. Cooper, just south of the church.

It bought the adjoining property for $650,000 from 171 South Cooper Partners.

Memphis Heritage and other groups protested heavily against CVS’ plans to tear the church down.

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