Sunoco to Move Corporate Headquarters to Mellon Bank Center

Sunoco, Inc. (NYSE: SUN) announced today that the Company has entered into a long-term lease agreement with HRPT Properties Trust for approximately 221,000 square feet of office space for its corporate headquarters in the Mellon Bank Center located at 1735 Market Street, Philadelphia, PA. The terms of the lease were not disclosed. Tactix Real Estate Advisors, LLP represented Sunoco in the transaction.

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"The decision to move Sunoco's corporate headquarters to the Mellon Bank Center was made after a thorough review that lasted almost two years," said Senior Vice President Charles K. Valutas. "We evaluated a number of key factors, including the current market for office space in Center City Philadelphia, and concluded that it is in the best interest of our employees and shareholders to enter into this lease agreement. The Mellon Bank Center is an outstanding building in a highly desirable location."

The move of business units and corporate functions is expected to be completed by the summer of 2005. Since 1980, the Company had offices at Ten Penn Center, 1801 Market Street. Radnor Corporation, a Sunoco subsidiary, was the developer of that site. In 1991 the Company's corporate headquarters was relocated from the Radnor Corporate Center to Ten Penn Center.

Sunoco Logistics Partners, LLP, a publicly traded limited partnership of which Sunoco holds a 62.6 percent interest, also will move its headquarters to the Mellon Bank Center.

The Commonwealth of Pennsylvania and City of Philadelphia have offered to provide assistance in the form of job training credits that will be used for training and development of current and future employees. Sunoco employs over 3,700 people in the state at various locations of which 750-800 are expected to be housed in the new location.

Additionally, plans are being made for an operations center consisting of up to 185 employees who will be relocated from Ten Penn Center to a nearby building in Center City Philadelphia. Discussions regarding arrangements for that space are underway.

Sunoco, Inc., headquartered in Philadelphia, PA, is a leading manufacturer and marketer of petroleum and petrochemical products. With 890,000 barrels per day of refining capacity, over 4,900 retail sites selling gasoline and convenience items, over 4,500 miles of crude oil and refined product owned and operated pipelines and 37 product terminals, Sunoco is one of the largest independent refiner-marketers in the United States. Sunoco is a significant manufacturer of petrochemicals with annual sales of approximately five billion pounds, largely chemical intermediates used to make fibers, plastics, film and resins. Utilizing a unique, patented technology, Sunoco also manufactures two million tons annually of high-quality metallurgical-grade coke for use in the steel industry. For additional information visit Sunoco's Web site at http://www.SunocoInc.com.

SOURCE Sunoco, Inc.

http://www.SunocoInc.com

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