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Tuesday, June 12, 2007

BP Offers 22 Branded Gasoline Stations In South Florida

CHICAGO, IL, June 11, 2007 - NRC Realty & Capital Advisors, LLC (NRC) announced today that BP has retained the company to coordinate the sale of twenty-two BP branded gasoline stations in South Florida. Of the twenty-two sites, twenty are operating stations and two are closed. Sales will include real estate or ground lease, buildings, fixtures and equipment. Additionally, three of the sites are also offered for redevelopment for other commercial use.

"The BP brand is distinctive in South Florida," said Hope Mineo, Managing Director of NRC. The BP sites are being sold through NRC's sealed bid sale process. The deadline for sealed bid submission is July 26, 2007. Prospective dealers are required to submit a completed Dealer Application prior to submitting bids. The Dealer Application is available for download at www.nrc.com/716.

NRC has prepared a complimentary color portfolio brochure with site information summaries and maps that can be obtained by calling 800.747.3342, ext. 716. To submit a bid, bidders must obtain a property specific package (PSP) for each site to be bid upon. Each PSP contains a site specific bid package, including bid instructions, a bidding form and purchase contract. Each PSP additionally contains site-specific due diligence information, such as a title commitment, survey and environmental information. PSPs may be purchased from NRC in either hard-copy or CD-ROM format at $35 and $25, respectively.

BP markets more than 15 billion gallons of gasoline every year to U.S. consumers through 13,000 retail outlets. All Amoco fuels are backed by a written guarantee. BP is the single, global brand formed by the combination of the former British Petroleum, Amoco Corporation, Atlantic Richfield (ARCO) and Burmah Castrol. Additional information on BP's franchising opportunities is available at www.bpampmfranchising.com.

NRC Realty & Capital Advisors, LLC, specializes in the accelerated sale of North American commercial real estate property. With a concentration in the convenience store industry, NRC provides divestiture, commercial and financial advisory real estate services. Since 1989, the company has sold more than 10,000 properties. In 2006 NRC sold properties in thirty-one states with purchase prices aggregating in excess of $300 million. Clients include globally-recognized companies in a variety of industries, including petroleum