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Monday, July 20, 2009

Couche-Tard Divesting Approximately 75 Circle K Stores

Source: CSP Daily News

LAVAL, Quebec – Alimentation Couche-Tard Inc. is divesting approximately 75 Circle K Stores Inc. locations over the coming months. The final list of properties to be divested has not been established, but is expected to include properties in various markets in Alabama, Colorado, Florida, Georgia, Louisiana, Mississippi, New Mexico, North Carolina, Oklahoma, South Carolina and Tennessee.

The majority of the sites include the real estate, while others would be leasehold interest. The portfolio includes operating stores, a few closed locations that have been taken out of industry and vacant land.

Laval, Quebec-based Couche-Tard has retained Chicago-based NRC Realty Advisors LLC to handle the divestiture.

© CSP Information Group, Inc. 2009