A 53-year old company exits the c-store business. Cloutier Oil, after 53 years in the business, has sold its business to Victory Properties. Victory Properties, is a partnership formed by Rex Gillis of Columbus and Joe Morris of Ridgeland, two businessmen who also do business with Shell Oil. Victory properties purchased 11 Gas Lane and…
Eight Buyers Acquire Properties After RPM Bankruptcy
A total of 16 sites were sold in a sealed bid process. NRC Realty & Capital Advisors LLC (NRC) has completed the disposition of 16 operating and recently-closed convenience stores with gas in Alabama, Florida and Georgia, that were owned and operated by RPM Financial LLC and an affiliated company, USA Travel, at the request…
7-Eleven Sells 12-Asset Portfolio
A portfolio of 12 7-Eleven stores, all of which were part of small strip centers, has sold to different buyers in transactions with a combined value greater than $20 million, GlobeSt.com reported. The 12 assets in Nevada, Texas and Virginia were acquired from the locally based 7-Eleven through all-cash deals. Seller representative Mehran Foroughi, senior…