Consolidated Tomoka Funds $7.4 Million Acquisition of Walgreens Retail Store in Boulder, Colorado

Consolidated-Tomoka Land

today announced it funded a two-step transaction to acquire a 14,280 square-foot Walgreens store in Boulder, Colorado, in the amount of $7.4 million. The Company is acquiring this property in part through investment of proceeds from the December 2011 sale of the Barnes & Noble property in Lakeland, Florida. The completion of this transaction is anticipated to occur during second quarter 2012.