Hi Jim,
We thought you would be interested
in the latest news released today by Colliers Corporate Solutions, a division of
Colliers Turley Martin Tucker. 7-Eleven, Inc. plans to add more than 50
new stores in
Please let me know if you are
interested in speaking with Greg Schuster, senior vice president of Colliers
Corporate Solutions and we are happy to arrange.
Thanks,
212-329-1436
FOR IMMEDIATE
RELEASE
7-Eleven, Inc. to
Quadruple Store Growth in
Over Next Two
Years
Colliers
Corporate Solutions Chosen as Exclusive Broker to Deliver New Store
Locations
To assist with
identifying and securing new sites the greater
Nationally,
7-Eleven is projecting an additional 200 stores in its top growth markets across
the
In addition to
the more than $50 million for new store growth, the company plans to upgrade and
remodel more than 100 stores in the North Pacific region and has tripled the
size of its
“We are committed
to adding 50-plus new stores to the 500 we already have in
“Colliers’ local
market intelligence and experience in high-volume development will be vital to
our success as 7-Eleven enters a period of rapid, new-store growth in its top
markets,” Porter added. ”We want to quickly identify new locations and take
advantage of opportunities throughout the region.”
At a time when
most retailers have halted expansion or are contracting, 7-Eleven continues to
grow. The current initiative builds upon the company’s opening of 170 new
stores in 2008. As it expands, the company will pursue numerous types of
real estate development in both urban and suburban locations, including end-cap
space in shopping centers and free-standing stores. The company also wants
to be a part of urban renewal in its growth markets.
“The conditions
of the retail real estate market are creating great opportunities for retail
users who are currently growing their portfolios,” said Greg Schuster, senior
vice president of Colliers Corporate Solutions. “The success of the
7-Eleven brand and operating model are very attractive to property
owners.”
A new facet of
7-Eleven’s growth strategy is the Business Conversion Program (BPP), an
opportunity for existing independent retail stores to convert to the national
chain and become a part of 7-Eleven’s franchise system. Since the
program’s inception in 2006, almost 150 stores have been converted. One
such business conversion is the 7-Eleven store located at 113 Sunset Court in
Suisun. The store is franchised by Mike Ahmadi, president of California
Fuel Supply of Walnut Creek.
Typical 7-Eleven
stores range from 2,400 to 3,000 square feet in size, are located in densely
populated areas with strong daytime traffic and multiple business and/or
residential properties nearby. “Flexibility is a significant component of
7-Eleven’s growth strategy. The company looks for anchor space in shopping
centers (with or without gasoline service capabilities), free-standing,
downtown, walk-up and urban locations. 7-Eleven also wants to be a part of
re-gentrification/urban development in neighborhoods where it plans to add
stores.
7-Eleven, Inc.
operates, franchises and licenses more than 6,300 stores in the
About
7‑Eleven, Inc.
7‑Eleven, Inc. is
the premier name and largest chain in the convenience retailing industry.
Based in
About
Colliers Corporate Solutions
Corporate
Solutions is a division of Colliers Turley Martin Tucker, which has consolidated
its ownership structure with Cassidy & Pinkard Colliers, Colliers Pinkard,
and Colliers ABR, forming a holding company that is one of the largest
commercial real estate service firms in the
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Account
Supervisor
1251 Avenue of the
(212)
329-1436
tmemoli@lakpr.com