REAL ESTATE

7-Eleven continues aggressive growth with purchase of 183 ExxonMobile sites

BY CSA STAFF

Dallas — 7-Eleven has agreed to acquire ExxonMobil’s retail interests in 183 Florida sites. The transaction, expected to close early in 2011, is subject to standard closing conditions and regulatory approvals. Terms of the deal were not disclosed.

Included in the acquisition is a combination of company- and dealer-operated sites located in Orlando, Southwest Florida, Palm Beach and Broward County. The 183 sites include five unused parcels of land. The majority of locations will be rebranded as 7-Eleven operations, and all will retain the Mobil gasoline brand.

"This acquisition fits well with our aggressive growth strategy," said Sean Duffy, 7-Eleven VP mergers and acquisitions. "This purchase of these ExxonMobil sites adds to the approximately 750 locations that 7-Eleven has acquired or added since 2007 when we ramped up our expansion efforts."

After the transaction closes early next year, 7-Eleven will begin remodeling and reimaging the locations, with work anticipated to be completed over a two-year period.

Currently, 7-Eleven operates and franchises 610 stores in Florida.

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News

Whirlpool account managers receive green designations

BY CSA STAFF

Benton Harbor, Mich.-based Whirlpool Corporation announced that Cyndi Smith and John Talman, account managers for the Southern States Contract Sales Division, have earned Certified Green Professional (CGP) designations from the National Association of Home Builders (NAHB).

Smith, a nine-year member of the Whirlpool Corporation team, serves as the liaison between the Earthcraft green building certification programs and Whirlpool Corporation. Talman is An eight-year Whirlpool Corporation employee and member of the Homebuilders Association of Greater Savannah.

“A large number of the builders I routinely work with have shifted their efforts to green building,” said Talman.

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STORE SPACES

Macy’s to install Philips EnduraLED lamps in nationwide retrofit

BY CSA STAFF

Somerset, N.J. — Philips Lighting Wednesday announced that Macy’s has selected its custom-designed Philips EnduraLED solid-state LED lamp as part of the nationwide program to retrofit 117,000 halogen-based accent lighting in 86 of its U.S. stores.

The lamp featured in the Macy’s retrofit is the EnduraLED PAR38 SP15, which uses just 13 watts and replaces the 47-watt halogen bulbs the retailer currently uses. The EnduraLED has also been approved for the retailer’s long term retrofit plans, which are part of Macy’s comprehensive program of sustainability and environmental stewardship.

Macy’s is the first department store to implement the use of LED accent lighting on a wide scale. The new EnduraLED PAR38 SP15 lamp gives Macy’s a sustainable, effective lighting solution that provides both aesthetics and significant energy savings.

The new lamp also gives Macy’s a custom beam angle that gives the retailer more control in accenting merchandise, as well as an optimal color temperature that brings out tones and characteristics of goods, giving consumers a truer sense of a product’s quality and attributes.

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