Village Properties, based in San Francisco, has purchased two land parcels totaling 45,909 square feet in Lakewood, CA. Total consideration for the transaction is $1.5 million, or approximately $32 per square foot. The first parcel is located at 4131 South St. and sold for $514,000. Philip Petruso of CRESA Partners represented the seller, Total Renal Care Inc. In a separate related transaction, Village Properties purchased an adjacent parcel located at 5809 Lakewood Drive for $986,000. Both of the parcels will be utilized to construct a 15,000-square-foot Walgreen’s that will include a drive-through prescription window. The property was not marketed, and the escrow period was lengthy due to site plans and approvals for the drive-thru. Bill Lees of Charles Dunn Co., who represented the buyer in both transactions, also represented the private investor in the 5809 Lakewood deal.