Rite Aid, the pharmaceutical company, may soon start liquidating stores before selling its buildings and leases at auction, according to court records following its second bankruptcy filing earlier this week.
A&G Real Estate Partners is now anticipated to put almost all of its 1,240 stores for sale, subject to court approval. A flier listing 50 fee-owned properties and 1,187 retail leases spread across 15 states.
According to A&G Real Estate Partners, auctions and rolling bid deadlines are planned for the upcoming months, beginning in May. On Tuesday, court paperwork detailing the anticipated auction procedure were submitted.
Rite Aid previously stated that while they assist consumers in moving their prescriptions to another location, their stores would stay open.
However, other court filings on Tuesday listed the Rite Aid stores that were expected to be part of the initial round of closures. According to the case docket, the scheme still requires judicial approval.
Nine states will see the closure of Ride Aid stores:
| State | Store Address |
| California | 1331 Wilshire Boulevard, Santa Monica |
| 446 East Washington Boulevard, Los Angeles | |
| 23 Peninsula Center, Rolling Hills Estates | |
| 3300 East Anaheim Street, Long Beach | |
| 1203 West Imola Avenue, Napa | |
| 1550 Hamilton Avenue, San Jose | |
| 501 South Gaffey Street, San Pedro | |
| 4840 Niagara Avenue, San Diego | |
| 1534 East Florence Avenue, Los Angeles | |
| 32450 Clinton Keith Road, Wildomar | |
| 720 Sutton Way, Grass Valley | |
| 34420 Yucaipa Boulevard, Yucaipa | |
| 2751 Del Paso Road, Sacramento | |
| 1038 East Colorado Boulevard, Pasadena | |
| 6150 Van Buren Boulevard, Riverside | |
| 220 West East Avenue, Chico | |
| 4774 West Lane, Stockton | |
| 4920 La Sierra Avenue, Riverside | |
| 211 East 17th Street, Costa Mesa | |
| Connecticut | 180 Main Street, Cheshire |
| 113-115 Mill Plain Road, Danbury | |
| 56 Rubber Avenue, Naugatuck | |
| Massachusetts | 1031 Main St., Clinton |
| New Hampshire | 19 Wilton Road Ste 1A, Peterborough |
| 354 Winchester Street, Keene | |
| 75 Portsmouth Avenue Unit 1, Exeter | |
| New Jersey | 75 South Main Street, Neptune |
| 403 Sicklerville Road, Sicklerville | |
| New York | 8222 18th Avenue, Brooklyn |
| 55-60 Myrtle Avenue, Ridgewood | |
| 5901 Bay Parkway, Brooklyn | |
| 50-15 Roosevelt Avenue, Woodside | |
| 60-26 Woodside Avenue, Woodside | |
| Oregon | 2521 South Sixth Street, Klamath Falls |
| 700 S.E. 3rd Street, Bend | |
| 514 NE 181st Avenue, Portland | |
| 1400 West 6th Street, The Dalles | |
| Pennsylvania | Pittsburgh International Airport, Pittsburgh |
| 209 Atwood Street, Pittsburgh | |
| 304 Market Street, Harrisburg | |
| 3773 Peters Mountain Road, Halifax | |
| 843 Rostraver Road, Belle Vernon | |
| 400 West Second Street, Berwick | |
| 23 North Elm Street, Kutztown | |
| 1039 2nd Street Pike, Richboro | |
| Washington | 250 Basin Street SW, Ephrata |
| 248 Bendigo Blvd S, North Bend |
Court approval is also pending for closures
According to Rite Aid CEO Matthew Schroeder’s letter to staff members, which Nexstar’s WHTM was able to get, the first round of layoffs started on Monday.
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The Rite Aid Collaboration Centre in Philadelphia and the Rite Aid Valley Green Office Facility in Etters, Pennsylvania, were named as affected locations in the letter.
The letter reads, “We apologize that we were unable to provide more advance notice of this action. We are providing this notice to you as soon as practicable. Rite Aid has been actively seeking capital, including negotiating with its lenders for additional capital to continue to run its business. Unfortunately, our efforts were unsuccessful.”
