In one big scoop, BP Amoco PLC is growing its industrial real estate holdings in Central Florida with the purchase of 27 gasoline stations from First Coast Energy of Jacksonville.

Neither party would divulge the contracted price until the deal is formally recorded in county tax offices. But brokers familiar with the transaction confirm similar past transactions have carried a price tag of $2 million to $5 million per station.

The stations are being renamed either as BP or Amoco outlets to avoid overlapping properties in the same neighborhood. The assets are in metro Orlando and neighboring Seminole County.

Shell is still a player in Central Florida, however. The compay has about about 30 stations in nearby Lake, Osceola and Volusia Counties.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


GlobeSt. NET LEASE Fall 2023Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.