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CHICAGO--Fourteen c-stores with gas throughout Illinois and Missouri and a closed truck stop with an operating hotel and income property in LaSalle, Ill., will go to a sealed bid sale effective immediately. Chicago-based The Energy Exchange, a commercial real estate firm specializing in gas stations and convenience stores, will supervise the sale.
Bidders may bid on one, some, or all of the stores. The sale deadline is June 1. It is being offered exclusively under the company’s “Dealer 2 Dealer” program.
The “Midwest D2D Sealed Bid Sale” includes Quick Mart Inc. with eight stations, MJT Corporation of Camp Point, Ill., with one station in Meredosia, Ill., (near Jacksonville), BLC Real Estate LLC, with one station, and J&L Oil with a truck stop, motel facility and income property. Another major seller, which has chosen to remain confidential, has four stores located in the St. Louis metropolitan area.
“Through our D2D service, we bring the sellers together in a specific market and combine their resources to create a national sealed bid sale,” said Phil Boyd, managing director of The Energy Exchange. “In the past, only companies that could advance a national advertising budget and had a portfolio of properties could get involved in this type of sale. Through our exclusive D2D sealed bid program, there is now a vehicle designed for the individual operator as well as small to medium size oil companies looking to sell using the seal bid method.”