Lowenstein Sandler Represents Getty Realty Corp. in Two Portfolio Lease Transactions
November 19, 2012
Edward J. (Ted) Hunter, Richard F. Ricci, Rebecca L. Cossin
Lowenstein Sandler is advising Getty Realty Corp. on two long-term triple-net leases for 109 properties located throughout the New York metropolitan area representing $9.1 million in annual triple-net GAAP revenue. The first lease is with a subsidiary of Global Partners LP and involves 84 properties and the second lease is with a subsidiary of Lehigh Gas Partners LP and comprises 25 properties. Both leases have 15-year initial terms with options for multiple renewal terms. These two leases are the latest in a series of portfolio leasing transactions in which Lowenstein Sandler has represented Getty Realty Corp.
The Lowenstein team includes Ted Hunter, David Tlusty, Richard Ricci and Rebecca Cossin.
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