San Antonio-based Tesoro says most of the gas stations are in Washington. About 80% of the stations also have convenience stores on the property. Tesoro's West Coast subsidiary plans to convert the stations to the Tesoro brand, adding to the company's 600 existing locations, one-third of which are company owned.
Terms of the transaction have not been revealed. Tesoro owns refineries in Alaska, Hawaii and Anacortes, WA, a small community 70 miles north of Seattle on the Puget Sound. Its five refineries have a combined capacity of approximately 390,000 barrels a day.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
