Foreclosure Notice Filed on Broomfield Walgreens Property

The Walgreens building at 2400 E. Midway Blvd. in Broomfield will be sold at auction unless its owner cures the default on the $4 million loan.

Apr. 3, 2026 at 7:28pm

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A photorealistic studio still life featuring a stack of foreclosure documents, a calculator, and a pen arranged elegantly on a clean white background, conceptually representing the financial risks and corporate strategy behind the Walgreens property foreclosure.A foreclosure filing casts a shadow over the future of this Broomfield Walgreens property as the struggling retail chain undergoes major restructuring.Broomfield Today

A foreclosure notice has been filed on the Walgreens building located at 2400 E. Midway Blvd. in Broomfield, Colorado. The property owner, 2400 East Midway Boulevard LLC, defaulted on a $4 million loan secured by the building, and the holder of the note, RSS COMM2015 – DC1 – CO 2EMB LLC, has initiated foreclosure proceedings. The building will be sold at auction on June 24 unless the owner can cure the default by June 23.

Why it matters

This foreclosure highlights the ongoing challenges facing the Walgreens retail chain, which has been struggling with profitability and has announced plans to close 2,000 stores by 2027. The sale of this Broomfield property could signal broader real estate and financial issues for the company as it undergoes a major restructuring under new ownership by private equity firm Sycamore Partners.

The details

The Walgreens building at 2400 E. Midway Blvd. in Broomfield was purchased for $6.05 million in December 2014 and immediately used to secure a $4 million loan. The note was due on January 6, 2025, but the owner, 2400 East Midway Boulevard LLC, defaulted on the loan. As of February 6, there was $3.47 million remaining to be paid on the loan. The holder of the note, RSS COMM2015 – DC1 – CO 2EMB LLC, has now filed a foreclosure notice and the property will be sold at auction on June 24 unless the default is cured by June 23.

  • The building was purchased for $6.05 million in December 2014.
  • The $4 million loan was secured by the property in December 2014.
  • The loan was due on January 6, 2025.
  • The owner defaulted on the loan as of February 6, 2026.
  • The foreclosure notice was filed on March 4, 2026.

The players

2400 East Midway Boulevard LLC

The company that owns the Walgreens building at 2400 E. Midway Blvd. in Broomfield and defaulted on the $4 million loan secured by the property.

RSS COMM2015 – DC1 – CO 2EMB LLC

The company that holds the note on the Walgreens building and has filed the foreclosure notice.

Rialto Management Group LLC

The Miami-based company that manages and invests in real estate-related assets, and is affiliated with RSS COMM2015 – DC1 – CO 2EMB LLC.

Walgreens Boots Alliance (Nasdaq: WBA)

The parent company of the Walgreens drug store chain, which has been struggling with profitability and announced plans to close 2,000 stores by 2027.

Sycamore Partners

The private equity firm that bought Walgreens Boots Alliance and took the company private in August 2025, splitting it into five divisions including the Walgreens brand.

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What’s next

The owner has until June 23 to cure the default on the $4 million loan. Otherwise, the Walgreens property will be sold at auction at the George DiCiero City and County Building in Broomfield at 10 a.m. on June 24.

The takeaway

This foreclosure highlights the ongoing financial struggles of the Walgreens retail chain, which has been facing profitability challenges and major restructuring under new private equity ownership. The sale of this Broomfield property could be an indicator of broader real estate and debt issues for the company as it works to close thousands of underperforming stores in the coming years.