November 10, 2009 05:00 AM Eastern Time 

Williams & Williams to Auction 34 Rite Aid Surplus Properties December 8^th – 10^th

TULSA, Okla.--(BUSINESS WIRE)--Williams & Williams, the premier brand in real estate auction, will auction 34 surplus real estate properties in 14 states for Rite Aid Corporation via single property auction events, Tuesday-Thursday, December 8^th – 10^th. Many properties will sell Absolute, without reserve, to the highest bidder. 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.

“Auctioning these assets via our global platform will deliver the maximum benefit to Rite Aid Corporation.”

During this nationwide event, a wide range of commercial real estate assets will be auctioned including a Class 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. “Auction is a time definite sale that secures real market value through free market competition,” said Pam McKissick, President and COO of Williams & Williams. “Auctioning these assets via our global platform will deliver the maximum benefit to Rite Aid Corporation.”

Interested buyers should contact Dan Falls at 918.362.6558 or visit www.williamsauction.com/riteaid

About Williams & Williams

Tulsa, Oklahoma-based Williams & Williams, the premier brand in real estate auctions, is a global and multi-platform auctioneer driven by core values of free market competition and stewardship. Williams & Williams offers auction services throughout the United States and serves thousands of individual clients and the U.S.'s largest financial and investment firms and government agencies. (www.williamsauction.com)

About Rite Aid Corporation

Rite Aid Corporation is one of the nation's leading drugstore chains with more than 4,800 stores in 31 states and the District of Columbia, with a strong presence on both the East and West coasts, and 109,000 associates. Rite Aid is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U.S. The company is publicly traded on the New York Stock Exchange under the ticker RAD. (www.riteaid.com)

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