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Jul
05

The Pantry to sell 53 stores in the carolinas

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Convenience store owner and operator The Pantry Inc. The Pantry Inc. Latest from The Business Journals The Pantry losing key operations executiveThe Pantry losing key operations executiveProgress, Pantry make Fortune 500 Follow this company is planning to sell 114 of its store locations in nine states throughout the Southeast, including 41 stores in North Carolina.

The Pantry (Nasdaq: PTRY) has hired commercial real estate firm NRC Realty & Capital Advisors LLC of Chicago to market the “strategic divestiture” of properties, which includes a combination of both owned and leased locations.

NRC Realty & Capital Advisors is marketing for sale 41 stores in North Carolina, 28 stores in Florida, 12 stores in South Carolina, 11 stores in Virginia, seven stores in Georgia, five stores in Mississippi, four stores in Tennessee and three stores each in Alabama and in Kentucky. The Pantry operates more than 1,600 stores in 13 states.

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