Penn Hills Rite Aid set for sale, bringing W. Pa. closures to 14

Saltsburg Road location latest to close as company continues voluntary bankruptcy proceedings

Another Pittsburgh-region Rite Aid hit the market as the Philadelphiabased chain continues its voluntary Chapter 11 bankruptcy proceedings.

The newest addition is at 6200 Saltsburg Road, Penn Hills, bringing the total number of Rite Aid closures in Western Pennsylvania to 14.

Other regional locations up for sale include: 5401 Keeport Drive, Baldwin; 5235 Library Road, Bethel Park; 178 Point Plaza, Butler; 5990 University Blvd., Moon; 4830 William Penn Highway, Export; 6090 Route 30, Greensburg; 1730 Wilmington Road, New Castle; 700 Stevenson Blvd., New Kensington; 2501 Saw Mill Run Blvd., Pittsburgh; 351 Brighton Ave., Rochester; 208 East Central Ave., Titusville; 623 Smithfield Street, Downtown; and 4934 Second Avenue, Hazelwood.

Philadelphia-based Rite Aid has filed for Chapter 11 bankruptcy protection in New Jersey.

Rite Aid filed for Chapter 11 bankruptcy protection in New Jersey in October. Sales will be held privately, pending court-approval, Rite Aid officials said.

New York-based A&G Real Estate Partners, the company facilitating the sale of Rite Aid locations, announced on Monday the addition of 79 Rite Aid leases up for private sale, according to a A&G Real Estate press release.

The list of for-sale locations could grow, A&G said, with the total number depending on negotiations between the company and Rite Aid landlords.

“In consultation with A&G, Rite Aid is working to strengthen its overall financial position by reducing its rent expenses and optimizing its portfolio,” Andy Graiser, co-president of the company, said in a statement. “As it does so, other retailers and investors are now able to acquire leases and properties that once were out of reach locations, in attractive markets across the United States.”