The majority of the sites are located on high-traffic corners in mature neighborhoods and in small towns. Getty Realty Corp. is divesting 66 commercial and retail properties. The 66 properties are located in a variety of urban and suburban markets in six Northeastern and Mid-Atlantic states, including 11 properties in New York, 21 in New…
Agree Realty Acquires Three Wawa Stores
Agree Realty “pleased” to make Wawa acquisition. Agree Realty Corp. announced that it acquired a portfolio of three Wawa c-stores and fuel stores that are master leased by Wawa for $14,200,000. The cost of the portfolio acquisition includes the assumption of $8,580,000 of non-recourse mortgage debt, which will mature in June 2016, carrying a 6.56%…
MACS To Be Exclusive Circle K Developer in Mid-Atlantic Region
Company-owned stores to begin conversion to the Circle K brand starting this August. Richmond, Va.-based Mid-Atlantic Convenience Stores (MACS), one of the largest convenience store networks and fuel distributors in the mid-Atlantic region, announced today a new retail branding strategy that positions MACS as the exclusive developer for the Circle K brand in four regions:…
Wawa To Enter Florida
Some 100 Wawa c-stores are planned for Florida over the next five years. Wawa, which operates more than 580 c-stores in New Jersey, Pennsylvania, Delaware, Maryland and Virginia, is set to begin construction on its first Florida convenience store across from SeaWorld at International Drive and Central Florida Parkway, in Orlando, Fla., the Orlando Sentinel…
Convenience Store Auction Announced
Tranzon Auction Properties, along with their partners Tranzon Fox and Tranzon Alderfer, are marketing the Bankruptcy Sale of 21 gas and convenience stores in Delaware, Maryland and Pennsylvania. The stations are currently involved in the bankruptcy case filed in the Eastern District of Pennsylvania, by Universal Marketing Inc. “We’re pleased to bring these properties to…
Wawa Revamps Coffee Stations
Wawa stores throughout southern New Jersey are going through an “Extreme Coffee Makeover,” trading out glass coffee pots for new insulated dispensers with the intent of making producing a fresher brew that saves energy and reduces waste, Press of Atlantic City Media Group reported. The change comes after a chain-wide price increase that boosted the…
Nine C-Store Sites For Sale
NRC Realty & Capital Advisors LLC has been retained in the sale of nine operating and former convenience stores and commercial land sites currently in foreclosure. The sites are located in Riverside, Rohnert Park and Sebastopol, Calif.; Harrington and New Castle, Delaware; and Belleville, Gap, Waynesburg and York, Pennsylvania. NRC represents the secured creditor and…
Mid-Atlantic Acquires Uppy’s
Mid-Atlantic Convenience Stores, backed by equity firm Catterton Partners, has acquired a majority interest in Uppy’s Convenience Stores Inc. and 170 convenience stores/fuel stations from Exxon Mobil Corp. The transaction creates a leading convenience store operator in the Mid-Atlantic region with more than 200 convenience store operations in Maryland, Virginia and Delaware. Uppy’s was founded…
Wawa’s Annual Summer Blood Drive Underway
This summer Wawa is making it easy for customers to donate blood by offering a blood drive at more than 25 Wawa sites to help the American Red Cross save lives. The blood drive, already underway, will continue until Aug. 28 in four of Wawa’s operating states: Pennsylvania, New Jersey, Maryland and Virginia. Last year,…
Raising the Bar on Snack Sales
Energy bars are most often associated with top athletes and endurance sports. But as consumers have found themselves pressed for time—and energy—the category has morphed into an array of tasty, low-cost products that provide a quick meal solution across multiple dayparts. More importantly, the category has evolved to include a multitude of variations from healthy…