Colliers announced Tuesday that it has been engaged to co-ordinate Parkland Corporation’s sale of 157 convenience store and fuel-station properties across Canada.

Connect previously reported that Parkland had engaged Toronto-headquartered Colliers and Chicago-based convenience-store brokerage specialist NRC Realty & Capital Partners to market the assets.

“The decision to divest these locations is part of our ongoing network planning and optimization process. As we continue to grow, we have identified sites that no longer fit our long-term strategic objectives in their current format,” said Francis Lapointe, Calgary-based Parkland’s vice-president of Canadian retail operations. . “These sales will provide us with new opportunities to bolster core areas of our business.”

Parkland will continue to supply fuel to the stations.

“In the end, these sites will still be part of our network and will represent our strong brands within our communities,” added Lapointe. “We’re excited to bring in experienced, entrepreneurial operators who are eager to partner with brands and programs that customers trust.”

Most of the stores and stations are located in major markets in Quebec and Ontario smaller cities and towns in the two province, while the others are situated in B.C., Alberta, Saskatchewan and Manitoba.

The sites include traditional oil-based fuel stations bearing such brands as Chevron, Ultramar, Pioneer, and FasGas, along with electric-vehicle charging infrastructure. Calgary-based Parkland is a leading fuel distributor and retailer operating in 25 countries.

The 157 sites for sale include such fuel brands as Chevron, Ultramar, Pioneer and FasGas, and buyers “in certain scenarios” have the opportunity to operate under the popular c-store banner, On the Run.

The properties are being sold on a portfolio or individual basis through a sealed-bid process. Long-term Parkland fuel-supply deals will be packaged with the property-sale transactions.

Prospective buyers may register online via www.cstorebids.ca.

The bidding deadline is May 28.

Photo: Parkland Corporation