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Article: CVS selling Longs offices

Article from:
Oakland Tribune
Article date:
October 14, 2009
Author:
Copyright

WALNUT CREEK -- CVS Caremark Corp. is hanging on to nearly every drugstore it obtained through its $2.84 billion purchase of Longs Drug Stores Corp., but it's a different story for several East Bay offices CVS inherited through the deal.

Two office buildings, the former Longs headquarters in downtown Walnut Creek and a Longs subsidiary office complex in Antioch, are up for sale. And CVS is attempting to sublease an old Longs building in the Shade-lands business park.

The CVS purchase of Longs was great news for the company's retail employees, due to the dearth of store shutdowns following the transaction. The aftermath was far more grim for non-retail employees. CVS eliminated about 860 ...

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