By Brandon Brown | Phoenix Business Journal
Speedway LLC, a chain of convenience stores and gas stations, is auctioning off four properties in Arizona that either used to be gas stations or are still chunks of undeveloped land.
Earlier this year, Marathon Petroleum Corp (NYSE: MPC) sold the Ohio-based Speedway chain of stores to 7‑Eleven Inc., the largest chain in the convenience-retailing industry, for a reported $21 billion.
Now Speedway is looking to get rid of 166 former Hess, Speedway and Tesoro sites and land it had acquired at some point for development.
In Indiana, Michigan and Ohio there are 100 sites up for auction. Then there are 66 other ones spread across Alaska, Arizona, Colorado, Florida, Georgia, Illinois, Kentucky, Massachusetts, Maryland, Minnesota, New Jersey, New Mexico, North Carolina, Pennsylvania, Rhode Island, Tennessee, Wisconsin and West Virginia.
