CVS closing at Parkway Shoppes

Wednesday, January 7, 2009

One of three pharmacies near the intersection of Nashville Highway and Ellington Parkway is closing at the end of this month, according to the company's director of public relations.

The succeeding pharmacies are H&S No. 2 owned by Lewisburg Mayor Bob Phillips who's affiliated with another pharmacy in town, and the Walgreen drug store that opened last year. CVS is closing.

Meanwhile, an owner of the property management group for Parkway Shoppes says that since its construction and first lease nearly 19 years ago, the space now occupied by a CVS Pharmacy is part of discussions with a couple of other prospective tenants.

"We're still bullish on that area," Scott Graby, principal for the Hearthstone Group of Murfreesboro said Monday when asked about the CVS closing. "We like the way Lewisburg seems to be growing and how it's managing its growth."

It was Graby's understanding about a year ago that CVS wanted its own freestanding building, so when its lease came up for renewal, it was extended one year only. However, comments from CVS/pharmacy Public Relations Director Mike DeAngelis don't appear to support Graby's view.

"At this time, we do not have an announcement for opening a new store in the area," DeAngelis said. "We are currently in the process of identifying another pharmacy in the community to which we will transfer the prescription records upon closing, as is required by law.

"We are also attempting to find positions for store employees at other CVS/pharmacy locations," DeAngelis said.

Nearby CVS stores are in Shelbyville, Columbia, Pulaski and Thomson's Station.

"Our store at 930 Ellington Parkway in Lewisburg is closing," the CVS spokesman said. "Its last day is January 31.

"We made a business decision to not renew our lease at this location," DeAngelis said. "The decision was specific to the store and is not reflective of the national economy."

Extrapolating on information he received "a year ago" for the one-year lease, Graby said he might imagine that "economic issues may have come into the situation since then."

Graby has not heard of a new store coming into this market, he said.

Knowing such space would be available this year, Graby said, "We're talking to two groups about leasing 5,000 square feet and that CVS space could come into play."

One of the "groups" would want retail space, he said. The other "is an office user."