JERICHO, NY (Convenience Store News) — Getty Realty Corp. plans to sell six closed petroleum sites in New York and New Jersey via a sealed bid process. The real estate investment trust, which is the owner and master lessee of more than 1,000 convenience store and gas station sites. The properties have potential redevelopment use. The sites are located in Bronx/Mt. Vernon, N.Y., a 5.5-acre property adjacent to a large retail center; Newark, N.J., a 15.5 acre property located on the Passaic River; Long Island City, N.Y., a 4.1-acre property with barge access; Rhinebeck, N.Y., a 2.3-acre property on U.S. Route 9; Port Ewen, N.Y., a 5.7-acre property located just west of the U.S. Route 9W; and Catskill, N.Y., a 5.3-acre property located on both the Hudson River and Catskill Creek.
"While we expect to see some interest from parties seeking to use these properties as terminals, these properties are in urban areas that are being actively redeveloped so we expect more excitement to come from developers looking to repurpose the locations," said Joshua Olshin, managing partner at Auction Advisors, who is working with NRC at three of the properties.
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