BOSTON– Gulf Oil, LP, a leading distributor of quality motor fuels, has signed a lease agreement with John Hancock Real Estate for 36,000 square feet of state-of-the-art office space at 80 William Street in Wellesley, MA.
Gulf Oil, which is relocating its headquarters from Framingham, will take occupancy of its new space this March. Tom Kent, Executive Vice President and Brendan Cohn, Senior Vice President, of JLL represented Gulf Oil in the lease transaction.
“We are excited about the opportunity this new space presents to accommodate our company’s continued growth,” said Jerry Ashcroft, President and CEO of Gulf. “We were drawn to this area because of its proximity to critical arteries and the abundance of nearby amenities. We’re confident this space is the perfect location for Gulf’s headquarters now and into the future.”
According to JLL Executive Vice President Tom Kent: “80 William Street is ideally situated in one of the area’s most desirable suburban markets, further enhancing its benefits as a company recruitment tool as well as offering premier visibility opportunities, allowing Gulf to increase its brand presence in the market.”
Gulf Oil’s relocation to Wellesley comes on the heels of the announcement that the company had been sold by Cumberland Farms, Inc. to ArcLight Capital Partners at the end of 2015. ArcLight, which specializes in energy businesses, has invested $13 billion in companies since its inception in 2001.