The old Rite Aid property near Towne Center is being redeveloped

The former Rite Aid property on the corner of Corporate Boulevard and Jefferson Highway near Towne Center is being redeveloped.

Retail Specialists, a national real estate firm headquartered in Birmingham, Alabama, is redeveloping the 10,700-square-foot property. Sam Johnson, a development associate with the firm, tells Daily Report that the redeveloped space will likely feature two to three independent suites, though he’s careful to note that the project is still in its early stages and is therefore “fluid.”

A ”highly desirable” national retailer has already committed to lease the anchor suite, Johnson says. The identity of that retailer is being kept under wraps for now. Retail Specialists is currently seeking tenants in the food and beverage and retail industries to lease the unclaimed part of the property, where a suite could range from 1,800 to 5,200 square feet…

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