The revamped TA Travel Center in Robertsdale, Alabama, offering modern amenities.
Forman Capital has provided a $20 million bridge loan to support the redevelopment of the TA Travel Center in Robertsdale, Alabama. The funding will assist in transforming the former Oasis Travel Center into a modern facility with retail spaces, dining options, and comprehensive fueling services. With its strategic location and extensive amenities, the revamped travel plaza aims to enhance the travel experience for motorists in the area, contributing to the growth of essential travel infrastructure.
Forman Capital has announced the issuance of a substantial $20 million construction bridge loan aimed at facilitating the redevelopment of a TA Travel Center in Robertsdale, Alabama. This loan is directed towards LV Petroleum, a leading name in the travel center industry and the largest owner and operator of TA Travel Center franchises across the United States.
The financial assistance will be utilized for the ongoing redevelopment and completion of a retail travel plaza, positioned at 27801 County Road 64 in Robertsdale. This site was previously known as the Oasis Travel Center, and it has undergone significant changes to transform into a modern TA Travel Center. Currently, all essential services at the facility are operational, though the sale of diesel fuel is still pending completion.
This newly revamped travel plaza is ideally located approximately 27 miles east of Mobile, Alabama. Covering an extensive 51-acre area, the site boasts 26,797 square feet of retail space. Visitors to the travel center can enjoy on-site dining options with popular franchises such as Subway and Sbarro, offering diverse meal choices for travelers.
In terms of fueling services, the travel plaza is well-equipped with eight gas pumps and five diesel pumps, along with four diesel emission fluid pumps. This comprehensive range of fueling options is set to accommodate a significant number of vehicles. The facility also includes ample parking spaces, featuring provisions for 100 vehicles and 220 semi-trucks, ensuring convenience for long-haul drivers and short-stop travelers alike.
LV Petroleum is not only an operator of this travel center but also manages a network of over 40 convenience stores and travel centers throughout the United States. Their expansive operations showcase their significant presence in the convenience and travel retail market. On the other hand, Forman Capital, represented by a team of professionals including Brett Forman, Ben Jacobson, Scott Mehlman, Ty Regnier, and Cam Fleury, plays a crucial role in facilitating investments like this one, which contribute to the growth and enhancement of essential travel infrastructure.
The redevelopment of the TA Travel Center in Robertsdale is a vital step towards enhancing the travel experience for thousands of motorists traversing the area. With modern amenities, robust fueling options, and dining facilities, the travel plaza aims to become a convenient hub for those on the road. As the project progresses, the local community and travelers alike can anticipate an upgraded destination tailored to meet their needs.
In conclusion, the $20 million bridge loan from Forman Capital is set to play an instrumental role in transforming the former Oasis Travel Center into a fully operational TA Travel Center, further enriching the travel landscape in Alabama.
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