VCU Real Estate Foundation Acquires Rite Aid on Broad Street

February 4, 2025 - 18:49

The Virginia Commonwealth University (VCU) Real Estate Foundation has successfully completed the purchase of a Rite Aid located on Broad Street, in close proximity to the university's Monroe Park campus. This strategic acquisition is part of VCU's ongoing efforts to enhance its presence in the surrounding community while providing valuable resources to its students and faculty.

The Rite Aid pharmacy, a well-known establishment, will likely serve as a convenient location for students and residents alike, offering essential services and products. The acquisition aligns with VCU's mission to foster a vibrant campus environment and improve accessibility for the university community.

Officials from the VCU Real Estate Foundation expressed optimism about the potential of the site. They envision the property not only as a retail space but also as an opportunity to engage with the community and support local initiatives. This move is expected to contribute positively to the local economy while reinforcing VCU's commitment to its students and the surrounding neighborhoods.