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Saturday, January 28, 2012

Bolivar Store One Of 26 Up For Sale By Lehigh Gas Corp.

Lehigh Gas Looking to Redeploy Capital
Seeking buyers for 26 nonstrategic sites in New Jersey, Pennsylvania, New York, Ohio

CSP Daily News

BETHLEHEM, Pa. -- Saying that the locations no longer fit with its strategic growth plans, Lehigh Gas Corp. said that its is putting 26 of its gas stations and convenience stores and one truckstop on the auction block.

The Bethlehem, Pa.-based company added that it wants to sell these assets in order to redeploy the capital in other areas of its business.

As reported in a Morgan Keegan/CSP Daily News Flash on Friday, the offering includes 16 stations in New Jersey, one in New York, one in Ohio and nine in Pennsylvania (including the truckstop).

The locations are Stratford, Trenton (3), Lebanon, Mount Holly, Merchantville, Cherry Hill, Pennsauken (2), Turnersville, Ocean City, Mount Laurel, Long Branch, Randolph and Hazlet, NJ.; Bolivar, N.Y.; Shaker Heights, Ohio; Norristown, Malvern, Pittsburgh, Milesburg, Levittown, Chambersburg, Hollidaysburg, Bellefonte and Derry, Pa. More...

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