(Click here for previous CSP Daily News coverage [image-nocss] of the deal.)
Haves will work in conjunction with William Trefethen of Trefethen Advisors LLC on the disposition assignment, which includes convenience stores, fueling stations, closed sites with fueling capacity and land banks.
"This is a unique portfolio of excellently located properties that is geared toward buyers dedicated to the retail petroleum industry," said Haves.
The assets are located in Colorado, California, Washington, Oregon, South Carolina, Georgia, Montana, New Mexico, Kansas, Missouri, Utah, North Carolina and Texas. Interested buyers have the option to purchase a portion of the portfolio or to acquire it as a whole.
"The disposition of this portfolio is part of an overall strategy to position Pacific Convenience & Fuels as a strong competitor in the markets we service," said Sam Hirbod, president and chief executive officer of San Ramon, Calif.-based Pacific Convenience & Fuels.
Santa Ana, Calif.-based Grubb & Ellis Co. is one of the largest commercial real-estate services and investment companies in the world. Through its investment subsidiaries, the company is a leading sponsor of real-estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real-estate investment vehicles, including public nontraded real-estate investment trusts (REITs), mutual funds and other real-estate investment funds.
Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.