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Gate Petroleum
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Gate Petroleum is a gasoline vendor headquartered in Jacksonville, Florida. It was founded by Herb Peyton, the father of Jacksonville's current mayor John Peyton. The company also operates runs a chain of convenience stores carrying the Gate name in northeast Florida.
Gate Petroleum has holdings in several key industries: fuel services, retail outlets, commercial real estate development, resort management, concrete fabrication, and soil/aggregate.
Gate directly operates over 225 retail-based convenience stores through the southeastern United States. The retail management is actually split into two divisions; with the southern one being run out of Jacksonville encompassing Gate's convenience stores in Florida, and the northern region being managed out of Charlotte, North Carolina and encompassing Gate's convenience stores outside of Florida. Gate currently operates convenience stores in Florida, Georgia, South Carolina, North Carolina, Virginia and Kentucky.
Early in the 1970s and 1980s, Gate invested in huge areas of land to the south of central Jacksonville, which was growing rapidly - not northward towards the airport, as had originally been anticipated, but south, down the I-95 corridor towards Orlando. These investments paid off, as Gate was able to parcel off the large tracts into business parks, driving demand by developers to build housing and apartments in the area. Among the largest of these was Deerwood Park, which is served by Gate Parkway, a road that clearly shows the source of its history. Deerwood Park is occupied by companies such as Merril Lynch, IBM, Compass Bank, and Blue Cross Blue Shield of Florida. Adjacent to Deerwood Park is the Southpoint Business Center, which lies at the intersection of J. Turner Butler and I-95.
Other holdings include Ponte Vedra Club Realty, Riverplace Tower (currently bearing the Wachovia name), Epping Forest Yacht Club and The River Club, a members-only club located in the topmost level of the Modis building.