Global Partners to Sell 54 Sites in the Northeast and Mid-Atlantic

NRC Realty & Capital Advisors will help facilitate the sale across 8 states.

July 11, 2023

NRC Realty & Capital Advisors, LLC (NRC) announced that it has been retained by Global Partners LP to coordinate the sale of 54 non-strategic locations with gasoline in the Northeast and Mid-Atlantic regions of the United States.

Of the 54 sites, 21 are located in Connecticut, five in Massachusetts, one in Maryland, three in New Hampshire, 10 in New York, two in Rhode Island, one in Virginia and 10 in Vermont.

Most of the locations are over 15,000 square feet on as much as four acres. Thirty-five of the properties are fee-owned and 19 are leases. Sites are being sold with Global fuel supply agreements and are branded Shell, Mobil, Exxon or other major gas brands.

Global Partners maintains a large terminal network in New England and New York and is a leading wholesaler in the region. It also has nearly 300 company-owned convenience stores, with the Alltown and Alltown Fresh brands, among others.

“This is a great opportunity for smaller operators and dealers to buy one or more sites,” said Evan Gladstone, executive managing director of NRC. He continued, “Most sites available for sale over the past several years have been snapped up by larger companies.”

The properties will be sold using NRC’s “buy one, some or all” sealed-bid sale process.

NRC Realty & Capital Advisors, LLC provides real estate and financial advisory services to the convenience store and petroleum industry and specializes in structured sales of commercial real estate nationwide.

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