“The extension provides Getty with financial flexibility as it begins to execute on its strategy of re-positioning the Getty Marketing assets to stabilize cash flow,” says Getty spokesperson. Getty Realty Corp. has announced that on March 9, 2012 it amended both its $175 million revolving credit facility with J.P. Morgan Chase Bank, N.A., as Administrative
“We expect the acquisition to be immediately accretive to annual earnings and the acquisition is consistent with our strategy to grow and diversify our tenant base,” says Getty Realty CEO. Getty Realty Corp. has acquired 66 Shell-branded gasoline station and convenience store properties located in and around the Greater Boston and southern New Hampshire area
On March 1, 2011 Getty Realty Corp. was informed by management of Lukoil North America LLC that Lukoil transferred its interest in its wholly-owned subsidiary, Getty Petroleum Marketing Inc. (Marketing), Getty Realty’s largest tenant, to an unrelated party on Feb. 28, 2011. Getty Realty has commenced a preliminary dialogue with the new management of Marketing.
Getty Realty Corp. has completed the acquisition of 59 Mobil branded gasoline station and convenience store properties located in and around northern suburbs of New York City (including Westchester and Rockland Counties) and the lower Hudson Valley, funding a total investment of $111,300,000. The 59 properties were acquired in a simultaneous transaction among ExxonMobil, CPD