Wednesday, July 20, 2016

Sumner Redstone sells West Roxbury Home Depot for $34M

Image result for home depot west roxbury maAn entity managed by embattled media magnate Sumner M. Redstone has sold off a Home Depot store in West Roxbury for $34 million.

The Home Depot had leased the store prior to acquiring it on July 18, said Stephen Holmes, director of corporate communications for the Atlanta-based home-improvement supplies retailer. The Home Depot operates 2,275 retail stores in the U.S. and abroad.

“We bought it to pull into our portfolio of owned properties, which is typical,” Holmes said. “We own a majority of our stores.”. . . more

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