FARMINGTON HILLS, MI, PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) announced it has been named a Florida development partner for Wawa, Inc. Wawa is an industry leader in the convenience and fuel store space, currently operating more than 590 stores in Pennsylvania, New Jersey, Delaware, Maryland and Virginia. Agree Realty has closed on the southwest corner of SR-535 and North Poinciana Blvd. in Osceola County and anticipates immediately commencing construction. In partnership with the Company, Wawa has executed a long term ground lease to operate a convenience store with fuel.
Additionally, the Company and Wawa have entered into two additional ground lease agreements on sites in central Florida.
"We are extremely pleased and tremendously excited to partner with Wawa on their expansion into Florida,” said Joey Agree (top right photo), President and Chief Operating Officer.
“Their pioneering approach to the convenience store and fuel station experience will offer Floridians additional choices and varieties that they have never had. We look forward to continuing to work with Wawa in acquiring and developing sites to assist in their expansion."
Agree Realty Corporation is primarily engaged in the ownership, development acquisition and management of single tenant retail properties leased to industry leading retail tenants.
Agree Realty owns and operates a portfolio of 85 properties, located in 21 states and containing 3.4 million square feet of leasable space.
Contact: Alan Maximiuk, Chief Financial Officer, +1-248-737-4190
Web Site: http://www.agreerealty.com
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