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Tuesday, June 12, 2007

BP To Sell 22 Stations in South Florida

Source: Convenience Store News
CHICAGO - BP is selling 22 BP-branded gas stations in South Florida through NRC Realty Advisors. Of the 22 sites, 20 are currently operating locations and two are closed.

In addition, three of the sites are being offered for redevelopment for other commercial use. Sales of the locations include real estate or ground lease, buildings, fixtures and equipment.

"The BP brand is distinctive in South Florida," Hope Mineo, managing director of NRC, said in a written statement.

The BP sites will be sold through NRC's sealed bid sale process. The deadline for sealed bid submission is July 26. Prospective dealers are required to submit a completed dealer application before submitting bids. The dealer application is available for download at www.nrc.com/716.

In addition, bidders must obtain a property specific package (PSP) for each site to be bid upon. Each PSP contains a site specific bid package, due diligence information, bid instructions, a bidding form and purchase contract.

A complimentary color portfolio brochure with site information summaries and maps can be obtained by calling 800.747.3342, ext. 716.

In other BP news, the company's A+ for Energy initiative will award innovative California teachers, at nearly 130 schools, for their energy conservation education programs by distributing $1.5 million in grants and scholarships to develop new projects for students.

BP will endorse more the projects submitted by teachers that raise awareness about energy through creative ideas about conservation and alternative energy. The programs are estimated to reach more than 57,000 students in California.

The teachers selected by the program receive financial support for classroom, after-school, extra-curricular or summer activities that promote innovative, life-applicable ways to demonstrate energy conservation and renewable energy sources, according to the company.

"There is no greater source of inspiration and motivation for young minds than from hard working teachers. Teachers provide the catalyst for students to think seriously about the importance of energy, energy conservation and the environment," Thomas Markin, vice president of government and public affairs for BP America, said in a written statement. "BP takes great pride in awarding A+ for Energy grants and scholarships, because they not only recognize educational innovation, but also help teach future generations to become responsible stewards of energy resources and the envi