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Getty Selling 108 Properties
From Convenience Store Decisions
Getty Realty Corp. has retained NRC Realty & Capital Advisors LLC (NRC) to coordinate the divestiture of 40 gasoline stations and 68 commercial and retail properties formerly used as gas stations in Connecticut (4), Delaware (2), Illinois (1), Maryland (1), Massachusetts (16), New Hampshire (1), New Jersey (21), New York (40), North Carolina (3), Pennsylvania (14), Rhode Island (4) and Vermont (1).
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Getty Realty Puts Six Closed Petroleum Terminal Sites Up for Bid
From Convenience Store News
Getty Realty Corp. plans to sell six closed petroleum sites in New York and New Jersey via a sealed bid process. The real estate investment trust, which is the owner and master lessee of more than 1,000 convenience store and gas station sites, has retained NRC Realty & Capital Advisors LLC to coordinate the transactions.
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Richardson Bankruptcy Auction Announced
NRC PR
Twenty-one commercial and residential properties are slated to go on the block March 12th from the SRKO Family Limited Partnership and the Jannie Richardson bankruptcy estates owned by longtime Colorado Springs developer Jannie Richardson, who also was the developer of Colorado Crossing, the proposed 153-acre mixed-use development on Colorado Springs' far north side development.
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Getty Realty Selling 66 Properties
From Convenience Store Decisions
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 Jersey, 24 in Pennsylvania, six in Massachusetts, one in Connecticut and three in Delaware.
All are fee owned properties and the sale includes the improvements on the underlying real estate. Original asking prices range from $75,000 to $1,000,000, and the properties are being offered at minimum bids of 50-60% of current asking prices.
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NRC announces auction of cross-dock industrial portfolio
From REJournals.com
NRC Realty & Capital Advisors LLC has announced that it has been retained by YRC Worldwide to coordinate the sale of 62 surplus cross-dock industrial sites located throughout the country.
YRC Worldwide has one of the largest less-than-truckload networks in North America, has designated these sites as surplus and has closed the facilities over the past several years.
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Sale-Leaseback is Not Dead
From the Restaurant Finance Monitor
Starbucks decided it had too many stores in La Mirada, California and last year shut one there that was located at the end of a small strip mall. Like many of the locations the coffee chain vacated, this one didn't stay empty for long. But the ultimate occupant came as something of a surprise: Burger King.
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