Love’s Purchases Hertz Building with Eye on Future Expansion
OKLAHOMA CITY, August 30, 2016 – Love’s Travel Stops & Country Stores Inc. (Love’s) today announced it has purchased the building and land south of its main corporate campus on Pennsylvania Avenue occupied by The Hertz Corporation. The purchase agreement closed Monday, August 29, in the City of The Village, Oklahoma.
The 126,000-square foot building located on roughly 16 acres adjacent to its main corporate headquarters gives Love’s the opportunity to double the size of its existing campus in the heart of Oklahoma City. This is a major development for a company focused on expansion.
“The purchase of our neighboring Hertz data center building is a direct result of Love’s plans for the future,” said Greg Love, co-chief executive officer of Love’s. “We continue to grow our network of travel stops across the country as well as other businesses like freight factoring, truck tire care, and our expanding CNG refueling company, Trillium. The acquisition of the Hertz building and the associated raw land will allow us to house our future growth needs at our main campus in The Village. We are proud of our past accomplishments, but we are even more excited about our future.”
The 38-year-old building will require extensive updates, and Hertz will have a small presence in the building for the immediate future. Hertz relocated employees who were working in the building to one of its other locations in Oklahoma City. Currently, Love’s has 1,200 corporate employees working on three company campuses in Oklahoma City.
About Love’s Travel Stops & Country Stores
Love’s Travel Stops & Country Stores is headquartered in Oklahoma City, Oklahoma. Founded in 1964, Love’s has more than 390 locations in 40 states. Love’s provides professional truck drivers and motorists with 24-hour access to clean and safe places to purchase gasoline, diesel fuel, travel items, electronics, snacks and more, as well as a selection of restaurant offerings. On-site Love’s Truck Tire Care centers offer roadside assistance, tire care and light mechanical services for professional truck drivers. Showers, CAT scales and other services for professional truck drivers are also available. Love’s, which remains family-owned and operated, employs more than 15,000 people. To learn more, visit www.loves.com.