A&G Real Estate Partners, the real estate advisor for Rite Aid during its bankruptcy proceedings, has announced plans to sell an additional set of neighborhood pharmacy leases. This follows a previous release of 92 store leases in November.
The latest group of 79 store leases will be available for private sale pending approval from the U.S. Bankruptcy Court in New Jersey. These properties are located across multiple states, including four in Oregon and eleven in Washington.
So far, A&G has successfully marketed 180 Rite Aid and Bartell Drugs leases with only 73 remaining due to either being sold or rejected by the company. As part of their efforts to improve financial performance, Rite Aid is continuously evaluating their property portfolio and may close more stores as needed.
This announcement comes as A&G continues to expand its presence within the real estate market by offering valuable opportunities like these throughout various states across America.
