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Rite Aid store in Dallas expected to close; city will monitor corporate sale and market vacancy risks
Summary
City staff said the locally owned Rite Aid is a corporate‑owned store scheduled to close in June amid Rite Aid's Chapter 11 proceedings. Staff established contact with the broker representing corporate stores and said the company plans to sell corporate‑owned locations, but marketing and sale timing are uncertain while the bankruptcy is ongoing.
City staff reported that the Dallas Rite Aid store is likely to close in June as the national chain undergoes Chapter 11 bankruptcy and plans to sell corporate‑owned stores.
Property status: staff said Dallas’s Rite Aid is owned by Rite Aid Corporation rather than a third‑party landlord, and that corporate realty is handling nationwide disposition of its corporately owned stores. Staff said they have contacted the…
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