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February 2011

Arroyo & Company negotiates the purchase of a Pep Boys in New York


San Francisco, CA (February 18th, 2011) Arroyo & Company announced today that it represented a 1031 exchange buyer in the acquisition of a Pep Boys in Buffalo, NY.  The property was bought by undisclosed private investors for $2,417,000.
 
Pep Boys – Manny, Moe & Jack (NYSE: PBY) is a leading automotive parts and accessories retailer, and automotive maintenance and service provider.  The company operates approximately 585 stores in 35 states and Puerto Rico, and has over 6,000 service bays for parts installation, repair, and inspection. As of 2010 they employ over 17,718 workers and did over $1.9B in sales.

The Arroyo Commercial Group specializes in the acquisition and disposition of commercial properties.   Please contact us if you would like a market update or an opinion of value.  

 

 

 

 

 

 

 

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