New England Tech buys 25 acres from Rite Aid

Purchase is first step to creating a new NEIT campus on the East Greenwich-Warwick border

New England Institute of Technology today announced that, as part of a long-term plan to relocate its campus, it has purchased a 25-acre parcel that includes the never-occupied Brooks Pharmacy headquarters...

...“In a surprising and unanticipated development just before Christmas, we renewed discussions with Rite Aid regarding the sale of the former Brooks building,” Richard Grouse, NEIT’s president, said today in announcing the deal. “Rite Aid reconsidered an offer from the college, and a purchase and sale agreement has been negotiated and was signed today.”...

...The college now operates two campuses, both in Warwick: a 26-acre parcel on Post Road and a 33-acre parcel on Access Road.

Full Story: New England Tech buys 25 acres from Rite Aid Source: Providence Business News, January 17th, 2008

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