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Getty Realty Strengthens Executive Team; Adds Chief Investment Officer

Getty Realty Corp. (NYSE:GTY) announced today that Mark J. Olear has been named Executive Vice President and Chief Investment Officer. Mr. Olear will join the executive management team and focus on managing and growing Getty’s real estate holdings and investments.

Prior to joining Getty, Mr. Olear was Senior Vice President/Director of Retail Real Estate Development for TD Bank where he led the group responsible for all phases of the de novo store program that delivered several hundred locations in TD Bank's US footprint over the last seven years.

Prior to TD Bank, Mr. Olear spent a combined more than 17 years at Home Depot and Toys R Us where he had similar responsibilities for all phases of site selection, acquisition and execution of store openings. Mr. Olear holds a B.A. degree from Upsala College and numerous industry certifications and citations.

David B. Driscoll Getty’s President and Chief Executive Officer commented, “Getty stands to benefit considerably from Mark’s deep knowledge and experience in local level real estate throughout the country. His expertise complements our existing team and we expect that this combination will enable us to accelerate our efforts to redeploy our existing portfolio to its highest and best use as well as broadening our capabilities to grow within the core convenience store/gas station industry.”

About Getty Realty Corp .

Getty Realty Corp. is the leading publicly traded real estate investment trust in the United States specializing in ownership, leasing and financing of convenience store/gas station properties. The Company owns and leases approximately 920 properties nationwide.

Copyright Business Wire 2010

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