AI-assisted summary
Rite Aid's 2023 bankruptcy filing left over a dozen vacant storefronts in the Greater Lansing area.
Several other former Rite Aid locations are being repurposed for businesses like Sheetz, Dollar Tree, and UM Health-Sparrow.
Redeveloping vacant Rite Aid properties in smaller, less-trafficked communities presents more of a challenge for property owners.
More than a year after the Rite Aid on East Saginaw Street near the Frandor Shopping Center was vacated by the national pharmacy chain, the just over 11,000-square-foot building is poised to house six new tenants.
The property owner, Bloomfield Hills-based Lormax Stern Development Company , has leased all but about 3,000 square feet of the newly subdivided building to restaurants Shake Shack, Smoothie King and

Lansing State Journal

The Grand Rapids Press
Southfield Sun
Raw Story
Detroit News
Ann Arbor News
Kalamazoo Gazette
Battle Creek Enquirer
WXYZ-TV
9&10 News
CBS News