A MinitMart asset. Photo by TravelCenters of Americas.

WESTLAKE, OHIO–TravelCenters of America has entered a definitive agreement to sell its Minit Mart convenience store business for approximately $330.8 million to EG Group. The regional portfolio includes 225 standalone convenience stores and certain other related assets. TA will exit the standalone convenience store business with the transaction’s close and focus on its core travel center business.

The sale to be completed in the fourth quarter of 2018.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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