Getty Realty (GTY) Enters Lease Agreement with BP plc (BP) Unit for 28 Properties

Article Related Press Releases (1) Stock Quotes (2) Comments (0)

Getty Realty Corp. (NYSE: GTY) has agreed to long-term triple-net leases on 28 properties in New York and New Jersey with a subsidiary of BP, plc (NYSE: BP), BP Products North America Inc. Under the terms of the agreements, the aggregate annual triple-net GAAP revenue will be up to approximately $3.0 million. The leases with BP have initial 15 year terms with provisions for rent escalations and options for multiple renewal terms.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Tessera (TSRA), Starboard Reach Agreement Over Board Composition
• Nokia Siemens, Intel (INTC) Enter Liquid Applications MoU (NOK) (SI)
• Elan (ELN) Rejects Royalty Pharma's $12.50/Share Bid

Create E-mail Alert Related Categories

Corporate News

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?