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Global Partners Enters into Sale and Leaseback Agreement for 33 New England Gasoline Stations and Convenience Stores

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WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) today announced an agreement with a premier institutional real estate investor for the sale and leaseback of 33 gasoline stations and convenience stores for approximately $67 million. As part of the agreement, the retail sites, which are located throughout New England, will be sold to the buyer and leased to Global Partners or its subsidiaries for a period of 15 years with 20 years of contractual extension options. The transaction,


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