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Love's looks to expand its main campus in The Village to accommodate growth

Love's Travel Stops & Country Stores Inc. plans to expand into an office building formerly owned by The Hertz Corp. at 10401 N Pennsylvania in The Village. [Photo By Steve Gooch, The Oklahoman]

Love's Travel Stops & Country Stores Inc. plans to expand into an office building formerly owned by The Hertz Corp. at 10401 N Pennsylvania in The Village. [Photo By Steve Gooch, The Oklahoman]

Love's Travel Stops & Country Stores Inc. has purchased a 126,000-square-foot building and about 16 acres of land south of its main corporate campus on Pennsylvania Avenue for an undisclosed price.

The property previously belonged to The Hertz Corp. and still houses a data center for the rental car company. Hertz will lease the property until Love's needs the extra room to grow, said Doug Stussi, chief financial officer for Love's.

Love's is opening about 50 new locations across the United States in 2016, the most the privately held company has ever opened in a single year, Stussi said.

"We are growing the size of our business as we continue to add stores to our chain of travel stop locations and convenience stores and we are adding new ancillary business to our existing core of businesses, all of which add people to our footprint in Oklahoma City," he said.

The purchase closed Monday and the Oklahoma County assessor has yet to record the sale price.

The sale gives Love's the opportunity to double the size of its existing campus in Oklahoma City, the company said.

“The purchase of our neighboring Hertz data center building is a direct result of Love's plans for the future,” Greg Love, co-chief executive officer of Love's, said in a statement.

Love's has also branched out into new business sectors that have contributed to the company's growth, Love said.

Branching out

The company also has a freight-factoring business, and is branching out to offer truck-tire care at its travel stops. Love's is also expanding its CNG refueling company, Trillium.

“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. We are proud of our past accomplishments, but we are even more excited about our future,” Love said.

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 some employees who were working in the building to one of its other locations in Oklahoma City.

Love's has 1,200 corporate employees working on three company campuses in Oklahoma City.

Related Photos
<p>Love's Travel Stops & Country Stores Inc. plans to expand into an office building formerly owned by The Hertz Corp. at 10401 N Pennsylvania in The Village. [Photo By Steve Gooch, The Oklahoman]</p>

Love's Travel Stops & Country Stores Inc. plans to expand into an office building formerly owned by The Hertz Corp. at 10401 N Pennsylvania in The Village. [Photo By Steve Gooch, The Oklahoman]

<figure><img src="//cdn2.newsok.biz/cache/r960-ff21f480b41911e493d2acba8ae15563.jpg" alt="Photo - Love's Travel Stops & Country Stores Inc. plans to expand into an office building formerly owned by The Hertz Corp. at 10401 N Pennsylvania in The Village. [Photo By Steve Gooch, The Oklahoman] " title=" Love's Travel Stops & Country Stores Inc. plans to expand into an office building formerly owned by The Hertz Corp. at 10401 N Pennsylvania in The Village. [Photo By Steve Gooch, The Oklahoman] "><figcaption> Love's Travel Stops & Country Stores Inc. plans to expand into an office building formerly owned by The Hertz Corp. at 10401 N Pennsylvania in The Village. [Photo By Steve Gooch, The Oklahoman] </figcaption></figure>
Brianna Bailey

Brianna Bailey joined The Oklahoman in January 2013 as a business writer. During her time at The Oklahoman, she has walked across Oklahoma City twice, once north-to-south down Western Avenue, and once east-to-west, tracing the old U.S. Route 66.... Read more ›

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