Getty Realty Repossesses 788 Properties

In its ongoing tug-of-war with its former corporate parent, Getty Realty Corp. has repossessed a portfolio of 788 gas stations in the Northeast U.S. following a Bankruptcy Court order rejecting a master lease agreement with Getty Petroleum Marketing Inc.

“We are pleased to be able to regain full control of this portfolio,” said David B. Driscoll, president and CEO of Getty Realty.” It is our intention to continue the repositioning process that…
National Commercial Real Estate News From CoStar Group