11 More Rite Aid Locations Up For Sale In Ch. 11

The real estate adviser for bankrupt pharmacy chain Rite Aid Corp. announced Tuesday it was putting eight more leases and three more company-owned stores up for private sales. In its statement, A&G Real Estate Partners said this totals 24 fee-owned locations and 55 leases it is currently marketing for sale, pending approval by the bankruptcy court in New Jersey.

According to the announcement, the newly added leases are in Washington state, Pennsylvania, New York, New Hampshire, Maryland, Massachusetts and California, while the fee-owned locations are in Washington state, California and Ohio.

The debtors are represented by Michael D. Sirota, Warren A. Usatine, Felice R. Yudkin and Seth Van Aalten

As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.

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