Rite Aid to auction surplus properties

TULSA, Okla. Williams & Williams, a real estate auctioneer, on Tuesday announced it will auction 34 surplus real estate properties in 14 states for Rite Aid via single property auction events Dec. 8 to 10.

“Auction is a time-definite sale that secures real-market value through free market competition,” stated Pam McKissick, president and COO of Williams & Williams. “Auctioning these assets via our global platform will deliver the maximum benefit to Rite Aid Corp.”

Each auction will be conducted through Williams & Williams’ exclusive Live From The Lawn auction platform, in partnership with Auction Network, which enables interested buyers around the world to compete in real time while bidding on site or online.

The properties include a shopping center adjacent to the Las Vegas strip, commercial and residential properties, retail properties and land parcels.

Rite Aid Surplus Property auctions will be held in the following states: Alabama, California, Connecticut, Indiana, Louisiana, Maine, Michigan, North Carolina, New Jersey, Nevada, New York, Ohio, Pennsylvania and South Carolina.