GAZ Realty to Host Ground Breaking Ribbon Cutting Ceremony for Newark Airport Plaza

Date

Mar 11, 2013

Jericho, New York - GAZ Realty, Inc. (www.gazrealty.com) a developer and operator of “Superstation" and "Airport Plazas” celebrated the start of development this morning of the first multi-service, “green” airport gas plaza in the nation opening next year at Newark Liberty International Airport. A ribbon-cutting ceremony took place signifying the kick off of the construction.

Present at the opening were Mr. John Jacoby, Newark Liberty International Airport general manager Mr. Peter Kibildis, 7-Eleven, Inc.’s real estate representative for northern New Jersey, and other officials from The Port Authority of NY & NJ and GAZ Realty.

The services provided at Newark Airport Plaza (www.newarkairportplaza.com) will be a gas & diesel, alternative "green" fuels (CNG – compressed natural gas), a 7-Eleven® store, a two-bay car wash, light auto repair and non-exclusive rights for towing at the airport.

The plaza, which will be located near the on-ramp to Terminal A, is estimated to be open within six months and will accommodate some of the 25,000 airport employees and more than 33 million people that visit each year. In addition, the plaza will service the cargo staff as well as the trucks and fleet sales from Port Elizabeth and the surrounding commercial businesses.

“As the first green airport plaza in the country, we are positioned to offer not only products and services travelers, airport staff, taxis and limousines at this site want, but can do it in ways that benefit the environment. We have a captive audience and will offer both value and convenience to our customers”, said George Abi Zeid, president & CEO of GAZ Realty, Inc.

This will be the first 7-Eleven store to open on airport premises in the United States. The 3,200-square-foot convenience store will be offer 24/7 service, fresh and hot foods, Big Gulp® and Slurpee® drinks, grilled Big Bite® hot dogs, its proprietary 7-Select snacks and beverages, prepaid and financial services. There will be 50 parking spaces at the plaza with approximately 20 available for the store.

“In addition to Newark, GAZ Realty is in final stages of lease negotiations or RFP Awarded for number of major airports around the country, like Tulsa, Cincinnati International, JFK international Airport and Fort Meyers,.” added Mr. Stefano Pascucci, vice president of sales and business development.

About GAZ Realty, Inc.
GAZ Realty, Inc. (www.gazrealty.com) purchases, designs, constructs and operate "Superstation and Airport Plazas" throughout the country (www.airportplazas.com) future sites to feature Pet Motel and Off Premises dry Cleaning.

Contacts:

Ralph Tragale, Port Authority of NY & NR, 212-435-3730, rtragale@panynj.gov
Brian Noble, Noble Consulting, Inc., 877-516-6253, Brian@nobleconsult.com
Margaret Chabris, 7-Eleven, Inc. 972-828-7285; Margaret.chabris@7-11.com

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