
RaceTrac Petroleum Inc. continues its aggressive growth plans by launching a sale leaseback program on a select portion of its retail fueling station/convenience store portfolio. RaceTrac has engaged CB Richard Ellis as its exclusive capital markets advisor for this initiative. RaceTrac intends to reinvest the sale leaseback proceeds in its retail development pipeline and to take advantage of current buying opportunities. Ownership of a RaceTrac store is an opportunity that has never been made available to the public in the company’s long operating history.