More leases for Rite Aid locations are up for sale amid the Philadelphia-based pharmacy chain’s continued Chapter 11 bankruptcy proceedings, writes Paul Schwedelson for the Philadelphia Business Journal. 

Among the 4 new Rite Aid locations up for sale is the Center City Philadelphia location on Chestnut Street in Rittenhouse Square. 

This marks the sixth Philadelphia location that is actively listed for sale.

Rite Aid doesn’t own the buildings, but other companies can buy the leases and take over occupancy. 

Since filing for bankruptcy in October, Rite Aid has been closing stores to sell its leases and owned properties. 

According to its website, Rite Aid currently operates 1,814 locations across the country.

This represents a growing decline from the more than 2,000 locations it had when it initially filed for bankruptcy. 

The deadline to send offers for the Philadelphia location is February 16, according to a listing from A&G Real Estate Partners, the firm handling the sale of Rite Aid’s leases and properties. 

Overall, Rite Aid now has 47 leases listed and 21 properties for sale for a total of 68 sites across 15 states. 

Read more about the latest development in Rite Aid’s Chapter 11 bankruptcy proceedings including the company’s decision to sell the Center City Philadelphia location on Chestnut Street in Rittenhouse Square lease at the Philadelphia Business Journal.

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