The Rite Aid drug store at 540 Gallivan Blvd. will be closing in March, according to sources familiar with the chain’s plans. The 18,000 square foot store is housed in a three-story building that is also home to Supreme Liquors, College Hype and other small businesses.
The building’s owner, Thomas Cifrino, says that the 20 year-lease agreement with the drug store chain ends in May. Cifrino said that he offered the Rite Aid store a lease extension, without a raise in rent, last year, but never heard back from the chain.
There has been a drug store at the location for 20 years. It was a Brooks Pharmacy and then Osco’s before Rite-Aid took control of the space. The building originally housed a Supreme supermarket when it was built in the 1950s.