Drugstore chain Rite Aid has added 31 stores to the list of locations it's closing, and put leases for another 31 sites up for auction, as part of its bankruptcy proceeding.
The Philadelphia-based pharmacy operator, which at one point this year had 2,100 stores, disclosed the most recent list of stores it plans to shutter in a recent court filing as part of its voluntary Chapter 11 petition in New Jersey. Rite Aid sought bankruptcy protection in October, saying it needed to close locations and renegotiate or reject some leases in order to restructure financially and survive.
The retailer is seeking to close some stores, get new deals or walk away from leases for others and auction off leases that it believes are valuable to other users, thereby able to fetch a good price. Last month, Rite Aid received court approval to close and hold liquidation sales at an initial 154 stores. The latest closure list is in addition to those, bringing that total to 185. The new closures include seven locations in California, such as 4980 Freeport Blvd. in Sacramento and 49060 Road 426 in Oakhurst.
A&G Real Estate Partners is Rite Aid's real estate adviser for the bankruptcy, and it has already started auctioning the leases and owned-properties that Rite Aid wanted to put on the block and sell. On Thursday, A&G released an updated auction list that it said includes leases for 31 more stores, those not previously put up for bid officially. That group includes stores at 715 Haddon Ave. in Haddonfield, New Jersey, and 325 Ferry St. in New Haven, Connecticut.
The new set of Rite Aid stores slated to close are:
California
- 1020 Al Tahoe Blvd., South Lake Tahoe
- 1350 N. Vasco Road, Livermore
- 4980 Freeport Blvd., Sacramento
- 1475 41st Ave., Capitola
- 49060 Road 426, Oakhurst
- 5747 Kanan Road, Agoura
- 11230 Donner Pass Road, Truckee
Connecticut
- 66 Church St., New Haven
Maryland
- 1301 E. State St., Delmar
Michigan
- 1301 W. 14 Mile Road, Clawson
- 3681 Shawnee Road, Bridgman
Nevada
- 1329 U.S. Highway 395 North, Gardnerville
New Jersey
- 93 Atlantic Blvd., Beachwood
- 121 W. Main St., Moorestown
New York
- 335 Route 25A, Miller Place
- 5825-35 Broadway, Bronx
Ohio
- 5033 Suder Ave., Toledo
- 4332 Cleveland Ave. NW, Canton
- 501 Water St., Chardon
Oregon
- 435 Liberty St. NE, Salem
- 785 S. Columbia River Highway, Saint Helens
Pennsylvania
- 927 Paoli Pike, West Chester
- 821 E. Bishop St., Bellefonte
- 6200 Saltsburg Road, Pittsburgh
- 2545 Aramingo Ave., Philadelphia
Virginia
- 7601 Granby St., Norfolk
- 163 W. Ocean View Ave., Norfolk
- 4501 News Road, Williamsburg
Washington
- 15801 Pacific Ave., Tacoma
- 1628 5th Ave., Seattle
- 691 Sleater Kinney Road SE, Lacey
The new Rite Aid store leases that A&G added to the list for sale in its latest marketing flyer are:
California
- 5560 E. Santa Ana Canyon Road, Anaheim
- 10570 Twin Cities Road, Galt
- 4004 Foothills Blvd., Roseville
Connecticut
- 325 Ferry St., New Haven
- 277 Fairfield Ave., Waterbury
- 70 Elm St., West Haven
Michigan
- 1200 S. Main St., Adrian
- 402 Point Tremble Road, Algonac
- 4151 S. Canton Center Road, Canton
- 35350 23 Mile Road, New Baltimore
- 43034 Dequindre Road, Sterling Heights
- 1981 S. Blvd. W, Troy
New Jersey
- 715 Haddon Ave., Haddonfield
- 546 Wrightstown-Sykesville Road, Wrightstown
Ohio
- 1158 Wilmington Ave., Dayton
- 614 Bradshaw Ave., East Liverpool
- 2975 W. Market St., Fairlawn
- 510 W. Marion St., Mount Gilead
- 36212 Euclid Ave., Willoughby
- 30500 Lakeshore Blvd., Willowick
Oregon
- 891 SE 1st Ave., Canby
- 3451 Highway 101, Florence
Pennsylvania
- 3260 N. Broad St., Philadelphia
- 4934 Second Ave., Pittsburgh
- 3215 Fifth St. Highway, Reading
Virginia
- 671 J. Clyde Morris Blvd,, Newport News
- 3653 Virginia Beach Blvd., Virginia Beach
- 5036 Ferrell Parkway, Virginia Beach
Washington
- 232 Roosevelt Ave., Enumclaw
- 2056 Second Ave., Seattle
- 3307 Evergreen Way, Washougal