Walgreens Restores Chicago’s Historic Noel State Bank Building into Flagship Store

  Walgreens Restores Chicago’s Historic Noel State Bank Building into Flagship

          Buying vitamins in a bank vault? You can at this location

Business Wire

DEERFIELD, Ill. -- November 21, 2012

Vitamins in a vault? Hand-rolled sushi and an “Eyebrow Bar” beautician, all
underneath the gaze of decorative griffins, alit through ornate, jazz-age
stained glass?

Bucktown Wicker Park Walgreens Flagship Store. (Photo: Business Wire)

Bucktown Wicker Park Walgreens Flagship Store. (Photo: Business Wire)

That’s the striking retail formula revealed today when Walgreens (NYSE: WAG)
(Nasdaq: WAG) opens the doors to its newest Chicago flagship store located
within the historic Noel State Bank building at the northwest corner of North
and Damen avenues in Chicago’s Bucktown/Wicker Park neighborhood. The
one-of-a-kind retail location preserves the stunning and historic building’s
original architectural integrity.

This is Walgreens second flagship store in Chicago and, like its downtown
State and Randolph flagship location, features an extensive collection of
innovative offerings, products and services unexpected from a drugstore.

“It was thrilling to restore this architectural gem once again into a thriving
business anchor in the Bucktown/Wicker Park area,” said Joe Magnacca,
Walgreens president of daily living products and solutions. “This flagship
store will provide customers with a unique shopping experience within an
iconic building. It’s the latest example of how we are stepping out of the
traditional drugstore format and helping people get, stay and live well.”

The Noel State Bank building, constructed in 1919, was designed by Gardner C.
Coughlen in a neo-classical style. The original bank fell victim to a bank run
during the Great Depression and has housed several different banks over the
decades, the last being Midwest Bank, which closed several years ago.

Throughout the last two years, Walgreens has worked closely with the city’s
Commission on Chicago Landmarks on the building restoration. The exterior is
clad entirely in ornamental terra cotta. Large windows are divided by rising
pilasters topped with Corinthian capitals, and a prominent cornice wraps
around the rounded corner of the building.

Extensive restoration took place on the building’s coffered plaster ceiling,
which features abundant non-symmetrical hexagons that frame griffins and other
ornate designs, all of which form into successive yet subtle Star of David
patterns. At the center is a large stained glass window with a six-point star
design. Walgreens also restored the interior columns topped with pilasters and
the original bank vault, which will be repurposed as a “Vitamin Vault” in the
store’s health and wellness section.

The store’s expanded and groundbreaking features include:

  *Vitamin Vault: The original cast iron safe entrance, with visible locking
    gears, will lead customers into a unique vitamin and supplement section.
    Original bank lockboxes open and display various vitamin products.
  *An enhanced, state-of-the-art pharmacy designed to encourage greater
    interaction between pharmacists and patients. An iPad-equipped health
    guide will help pharmacy customers navigate a wide range of health and
    wellness products, services and resources including immunizations and
    health tests. The pharmacy also features an “Ask Your Pharmacist” desk,
    consultation rooms and Express Rx kiosks for swift checkout.
  *An Upmarket Café offering a barista preparing fresh brewed premium coffee,
    including the exclusive State and Randolph brand. A bakery will serve a
    range of fresh baked breads and pastries daily.
  *A juice bar featuring fresh fruits and vegetables and made-to-order
    smoothies. The chocolate malted milkshake, invented by a Walgreens soda
    fountain manager in 1922, also will be served. Or, customers can opt for
    self-serve frozen yogurt.
  *A wide variety of fresh hand-rolled sushi and sashimi prepared daily.
  *Hundreds of fresh food items including produce and high-quality, on-the-go
    meal options such as wraps, sandwiches and salads made fresh daily.
  *A best-in-class wine selection boasting more than 700 fine wines will pair
    well with the store’s offerings of artisan and brie cheeses, assortments
    of specialty meats, decadent chocolates and more.
  *A LOOK Boutique beauty department featuring dozens of prestige and niche
    cosmetic, skincare and hair care brands not typically found in drugstores.
    Specially-trained beauty advisors are on hand to offer guidance finding
    the best solutions for individual needs. Expert shaping and grooming
    services will be available at the Eyebrow Bar.

The store will be open 24 hours every day with pharmacy hours from 8 a.m. to
10 p.m. Monday through Friday, 9 a.m. until 5 p.m. Saturdays and 10 a. m.
until 6 p.m. Sundays.

Additional photos available for download at:

About Walgreens

As the nation's largest drugstore chain with fiscal 2012 sales of $72 billion,
Walgreens (www.walgreens.com) vision is to become America’s first choice for
health and daily living. Each day, Walgreens provides more than 6 million
customers the most convenient, multichannel access to consumer goods and
services and trusted, cost-effective pharmacy, health and wellness services
and advice in communities across America. Walgreens scope of pharmacy services
includes retail, specialty, infusion, medical facility and mail service, along
with respiratory services. These services improve health outcomes and lower
costs for payers including employers, managed care organizations, health
systems, pharmacy benefit managers and the public sector. The company operates
8,030 drugstores in all 50 states, the District of Columbia and Puerto Rico.
Take Care Health Systems is a Walgreens subsidiary that is the largest and
most comprehensive manager of worksite health and wellness centers and
in-store convenient care clinics, with more than 700 locations throughout the

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Robert Elfinger, 847-315-2962
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