Home Real Estate SoCal Locations Among Rite Aid Leases Up for Sale 
Real Estate

SoCal Locations Among Rite Aid Leases Up for Sale 


A second tranche of Rite Aid store leases, including several in Los Angeles and Orange Counties, has been listed for sale by A&G Real Estate Partners. California is home to 34 of the 191 leases and fee-owned properties in the two offerings, which follow Rite Aid’s Chapter 11 bankruptcy filing in October. 

“Rite Aid, which operates more than 2,100 retail pharmacy locations across 17 states, is working collaboratively with its financial stakeholders to reduce its debt and position its business for success,” said Andy Graiser, co-president of New York-based A&G. 

Spanning nine states, the stores range from 5,000 to 37,154 square feet. Some are located in CBDs, strip centers and power centers, while others are freestanding. A&G expects to market additional leases in the coming weeks. 

“The size ranges of these properties are in high demand among potential replacement users—a list that includes dollar stores, gyms, grocers, specialty discount stores and fast-growing quick-serve restaurants,” said A&G senior managing director Mike Matlat. 

Get insight from retail CRE Leaders like Paragon Commercial Group, Co-Founder and Principal, Jim Dillavou. Attend Connect Retail West on November 16 at Luxe Sunset Blvd Hotel.



Source link

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Real Estate

Memphis Dermon Building Converting to 150-Room Hotel

The Dermon Building in Memphis was built 99 years ago, designed as...

Real Estate

Developer Duo Secures $120M Refi for Charleston Harbor Rental Community

Woodfield Investments and Argosy Real Estate Partners have secured $120 million to...

Real Estate

Bonita Springs Site for 252-Unit Apartment Community

Madison Communities and Heitman have closed a $44 million construction loan for...

Real Estate

$21.5M Loan for Tacoma Apartments Secured by Berkadia

Berkadia has secured financing for the acquisition of The Duo Apartments, a...