• Cumberland Farms to sell 18 convenience stores & 2 undeveloped sites

    From NPN Magazine

    Cumberland Farms, Inc. plans to sell 18 convenience stores, some of which are operating, some of which are closed, plus two retail development sites. All of the properties are in the Northeast, according to a statement by NRC Realty & Capital Advisors, which said it was retained to handle the sale.

    The company has a market-leading position throughout the Northeast as well as a significant presence in the Mid-Atlantic region and Florida.

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  • NRC Announces the Acquisition of City Stop Assets by S&S Fuels, LLC

    NRC Realty & Capital Advisors, LLC ("NRC") announced today that S&S Fuels, LLC ("S&S") of Littleton, Colorado, has acquired all of the assets of City Stop Inc. and its affiliates ("City Stop") in the metropolitan Las Vegas, Nevada market. NRC served as the exclusive financial advisor to City Stop during the private placement sale.

    City Stop offers a "one-stop-shopping" concept, providing customers with multiple services such as gasoline, car washes, groceries, gaming and US Postal Service units.

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  • NRC announces auction of cross-dock industrial portfolio

    NRC Realty & Capital Advisors, LLC, announced today that it has been retained by YRC Worldwide to coordinate the sale of 61 surplus cross-dock industrial sites located throughout the country. Geographically, the sites are primarily in the Southeast and Midwest with the remaining sites in New England, Texas and Los Angeles, California. While the sites are improved with cross-dock terminals, they are also adaptable to a variety of industrial, and in some cases retail, uses. YRC Worldwide has one of the largest less-than-truckload (LTL) networks in North America YRC Worldwide has designated these sites as surplus and has closed the facilities over the past several years.

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  • The Pantry Divesting 37 Stores

    From Convenience Store Decisions

    The Pantry Inc. is selling 37 stores located in nine states throughout the Southeast as part of a strategic divestment. The facilities are located in a variety of markets in Alabama (2), Florida (4), Georgia (4), Kentucky (1), Mississippi (1), North Carolina (13), South Carolina (6), Tennessee (1) and Virginia (5).

    The properties include four company-owned and 33 leased locations. All are operating convenience stores with gas. The stores range in size up to 4,800 square feet and property lot sizes range from relatively small parcels up to three-acre sites.

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  • NRC Realty To Sell 26 Properties In West Virginia, Pennsylvania & Ohio

    NRC Realty & Capital Advisors, LLC (NRC) announced today that it will be coordinating the sale of 22 operating and closed c-stores plus four excess retail pad sites currently owned, leased, and/or operated by Prima Marketing, LLC, of Denver, Colorado. The properties are located in West Virginia and nearby areas of Pennsylvania and Ohio and include a mix of operating gas stations with c-stores, closed sites, and retail pad sites on key corners.

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Press Releases

Monday, November 23, 2009

NRC Realty & Capital Advisors, LLC Sells Rising Tide Auctions to Lender Processing Services, Inc.

NOVEMBER 23, 2009, CHICAGO – NRC Realty & Capital Advisors, LLC (NRC) announced that, along with its partners, it has sold Rising Tide National Auction & REO Solutions, LLC (d/b/a Rising Tide Auctions), to Jacksonville, Fla.-based Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology and services to the mortgage and real estate industries.

Rising Tide Auctions was formed in 2008 as a partnership between Chicago-based NRC and mortgage default industry veteran Gerald Shapiro of LOGS Group to provide a comprehensive auction platform for REO servicing companies nationwide.

Evan Gladstone, executive managing director of NRC, who led Rising Tide Auctions, noted that this sale is the result of many years of work. "I have been auctioning real estate for more than 25 years and this new venture with LPS is an extremely exciting opportunity," Gladstone said. "We were able to leverage the deal due to NRC?s many years of experience in the real estate auction field, including work for the RTC and FDIC." As previously announced by LPS, Rising Tide Auctions will be part of the LPS Auction Solutions division under the leadership of Chad Neel, president of the LPS Asset Management and Field Services division. Servicers working with LPS Auction Solutions will benefit from the company?s ability to manage all aspects of the auction process from beginning to end.

Gladstone will now hold dual roles, maintaining his NRC position and serving as managing director of LPS Auction Solutions.

NRC Realty & Capital Advisors, LLC provides a full array of real estate and financial advisory services, specializing in the accelerated sale of North American commercial and residential real estate. Since its inception in 1989, NRC has sold more than 10,000 properties. Clients include globally-recognized companies in a variety of industries, including petroleum (BP, Shell and Sunoco), convenience stores (White Hen Pantry and Circle K), financial institutions (GE Capital, Bank One, Fifth Third Bank and Wachovia) and retail (Kmart). For more information visit www.nrc.com.