- CORRECTION (3:58 p.m. April 12)--An earlier version of this story incorrectly stated court approval of the sale would be Thursday of this week. Court approval is set for Wednesday. We regret the error.
Speedway LLC is the potential buyer of multiple Gas City stations in the area, including Frankfort, Mokena and New Lenox, according to court documents.
Last week, the Frankfort-based Gas City . On Wednesday, a U.S. Bankruptcy Court judge in Chicago will decide whether to approve the sale of those stations. After that, Gas City will work with the indivdual buyers to close the sales of the properties.
Speedway, which is owned by Marathon Petroleum Co., is an Ohio-based chain of gas stations and convenience stores with locations throughout the Midwest. A spokesman for Speedway said he could not comment on the purchases until the sales process was complete.
Other potential buyers of Southland stations are Alimentation Couche-Tard, a Canadian convenience store company that also operates Circle K outlets; and HomeStar Bank and Financial Investments, a community bank headquarted in Kankakee County.
The following charts list the winning bidders of Gas City stations in the area, as well as their bids. Information was collected from court documents.
FrankfortAddress Buyer Bid 22310 S. LaGrange Road Speedway $2,586,723 855 S. Center Road Speedway $1,312,722 11151 W. Lincoln Hwy. Speedway $3,830,033 19730 S. Harlem Ave.
MokenaAddress Buyer Bid 19855 S. LaGrange Road
Speedway $5,296,628 18701 S. Wolf Road
Speedway $3,560,633 19855 S. 96th Ave. HomeStar Bank and Financial Services $620,000