REAL ESTATE

7-Eleven sets strategy to fortify Las Vegas real estate position

BY CSA STAFF

Dallas 7-Eleven said Tuesday it has partnered with NAI Corporate Real Estate Services in the Las Vegas market as part of the chain’s efforts to build its presence in the area.

7-Eleven currently operates more than 160 stores in Clark County (Las Vegas). It engaged Salt Lake City-based NAI CRES as its exclusive broker for new store growth, site selection, acquisitions, dispositions and other real estate needs.

In addition to ground-up development and acquisitions, the company’s plans call for the franchise conversions of other retail outlets to 7-Eleven stores.  7-Eleven said plans to remodel some existing operations, creating more franchise and other business opportunities. 

NAI CRES also is providing real estate services for 7-Eleven in Salt Lake City and in Calgary, Alberta, Canada. 

7-Eleven operates, franchises and licenses close to 6,450 stores in the United States under the 7-Eleven brand.

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REAL ESTATE

Dunkin’ Donuts opened 171 new U.S. stores in 2009

BY CSA STAFF

Canton, Mass. Dunkin’ Donuts said Monday that it opened 171 new stores in the United States last year.

The chain said it is working for greater exposure in the markets it already serves and also entered a few new markets such as Louisville, Ky.; Birmingham, Ala.; and Dayton, Ohio.

Dunkin’ Donuts opened 351 new locations worldwide and had 131 new signed franchise commitments in the United States in 2009.

The company’s international expansion includes new stores in China; Korea; Thailand; the United Arab Emirates; and the Bahamas.

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REAL ESTATE

Hhgregg to further expand in Baltimore

BY CSA STAFF

Indianapolis Hhgregg plans to open a store in Bel Air, Md., adding to the retailer’s plans to open four stores in Greater Baltimore.

The lease sizes of the five new locations range from 30,323 sq. ft. in Towson to 33,165 sq. ft. at Arundel Mills Marketplace.

Each store will employ around 50 people and will open this spring.

Hhgregg plans to open 40 to 45 new stores in its 2011 fiscal year across the mid-Atlantic.

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