Getty Realty Strengthens Executive Team

Convenience store REIT appoints Olear as chief investment officer

Getty Realty Mark Olear (CSP Daily News / Convenience Stores)

JERICHO, N.Y. -- Getty Realty Corp. has announced that Mark J. Olear has been named executive vice president and chief investment officer. Olear will join the executive management team and focus on managing and growing Getty's real-estate holdings and investments.

Prior to joining Getty, Olear was senior vice president/director of retail real estate development for TD Bank, where he led the group responsible for all phases of the de novo store program that delivered several hundred locations in TD Bank's U.S. footprint over the last seven years.

Before that, Olear spent a combined more than 17 years at Home Depot and Toys R Us where he had similar responsibilities for all phases of site selection, acquisition and execution of store openings.

"Getty stands to benefit considerably from Mark's deep knowledge and experience in local level real estate throughout the country," said David B. Driscoll, Getty's president and chief executive officer. "His expertise complements our existing team and we expect that this combination will enable us to accelerate our efforts to redeploy our existing portfolio to its highest and best use as well as broadening our capabilities to grow within the core convenience store/gas station industry."

Jericho, N.Y.-based Getty Realty is the leading publicly traded real-estate investment trust (REIT) in the United States specializing in ownership, leasing and financing of convenience store/gas station properties. The company owns and leases approximately 920 properties nationwide.