CHICAGO -- NRC Realty Advisors LLC has hired Avry Davidovich as senior vice president of business development. He will be responsible for expanding the company's opportunities in the convenience store industry as it relates to both divestitures and real estate and financial advisory services, areas in which he has more than 28 years of executive-level experience in the convenience retailing/petroleum marketing industry.
Avry's addition helps us on two fronts, said NRC partners Evan Gladstone, Dennis Ruben and Hope Mineo. On the broad front, it demonstrates [image-nocss] our commitment to further expand our c-store presence. He's a recognized industry leader, and he'll prove an invaluable asset as we continue our reach into this competitive market. Second, he brings a long resume filled with operational experience, expertise that will enhance our rapidly expanding real estate financial advisory services divisionespecially as it relates to convenience stores. We're now well-positioned to strategically grow both of these areas; Avry will help us execute this plan.
Davidovich began his career with Emro Marketing (a subsidiary of Marathon Oil), rising from a single-store manager in 1978 to special assistant to the president in 1987. In 1989, he founded Davidovich Oil Co., which he sold to FFP Operating Partners (FFP) in 1992. He subsequently served as FFP's executive vice president and board member, overseeing the operations of the company's 400 stores. In 1997, he founded Vista Convenience Stores, serving as president and CEO. Within four years, Vista had grown to 120 stores in five states. Davidovich left Vista in 2001 for b2b Solutions, a consulting firm for retailers and their suppliers, where he served as a consulting partner.
Chicago-based NRC specializes in the accelerated sale of North American commercial real estate property. With a concentration in the c-store industry, NRC provides divestiture and real estate and financial advisory services. Since 1989, it has sold more than 10,000 parcels, including 1,600 sites (generating $.5 billion) in the past three years alone, it said. Clients include BP, Shell, Sunoco, White Hen, am/pm, GE Capital, Bank One, Wachovia), Kmart and closely held distributorships and independent retailers.
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