Love’s Travel Stops has purchased the building and land south of its main corporate campus on Pennsylvania Avenue that was previously occupied by The Hertz Corporation.
The 126,000-square-foot building located on 16 acres adjacent to its main corporate headquarters will give Love’s the opportunity to double the size of its existing campus in Oklahoma City, Okla. The purchase agreement closed Aug. 29 and represents a major development for the company as it focuses on expansion.
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.
“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. “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.”