Wednesday, April 16, 2014
Two BR Valero stations up for sale
Source: The AdvocateBy Timothy Boone
Two Valero gas stations in Baton Rouge are for sale as part of a company’s attempt to prune its network of gas and service stations.
The station at 7515 Perkins Road, in front of Albertsons, and a stand-alone convenience store at 15138 Airline Highway, between Barringer Foreman and Highland roads, are two of 100 properties CST Brands Inc. is trying to sell. CST also has stations in Houma and Lake Charles listed for sale. The company has enlisted Chicago-based NRC Realty & Capital Advisors LLC to help it with the sale of properties. Bids will be taken on the sites through June 17.
San Antonio-based CST has 1,900 convenience stores and gas stations across the U.S. and Canada. CST said it is selling the stores, which are smaller in size, so it can concentrate on larger stores that offer more products.
“The sale of these smaller stores are a tremendous opportunity for the right buyer as they will be a critical part of our growing U.S. wholesale business,” said Steve Motz, senior vice president and chief development officer at CST.