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Development/Redevelopment

  • 7-Eleven continues to expand with two new acquisitions

    Dallas -- 7-Eleven Inc. announced  two acquisitions that will further expand its U.S. store portfolio.

    The company has closed deals with EZ Energy USA Inc. to purchase 67 retail locations in the Cleveland and Pittsburgh markets, and with its licensee, Handee Marts Inc., to acquire 58 7-Eleven convenience stores in those same markets as well as locations in northern West Virginia and western Maryland.

  • Grossman Development Group begins site work for Granite Ridge Marketplace

    Boston -- Grossman Development Group (GDG), a boutique real estate development firm led by Howard Grossman, announced that it has begun site work for the 330,000-sq.-ft. Granite Ridge Marketplace, a 57-acre shopping center development located in Rochester, N.H.

    The development, which boasts a trade area of 198,000 people, will feature a mix of anchor retail, junior anchor retail, small stores, restaurants and entertainment. It is located on Route 11, the gateway to the Lakes Region of New Hampshire and close to the Maine border.

     

  • Target opens C9 store in San Francisco

    New York -- Target Corp. opened a new retail concept, called C9 Active Apparel, in San Francisco, Women’s Wear Daily and other media outlets reported.

    The 3,000-sq.-ft. store is devoted to the C9 by Champion activewear brand, which was launched by Target in 2004. It is located in Westfield’s Metreon center, which also houses a CityTarget store.

    The new store has an industrial feel, with concrete flooring and exposed ceiling, according to the reports, with no Target identifying-logo or signage.

     

  • Walmart spends less to grow more

    BENTONVILLE, Ark. — The pace at which Walmart adds new selling space globally will remain unchanged next year, but improved productivity, more U.S. stores and expanding multichannel capabilities are expected to produce sales and profit growth.

  • Walmart makes big push in Canada

    MISSISSAUGA, Ontario — Walmart Canada is stepping up its presence in the country this month with the opening of the most stores in the company's history.

    By the end of October, the company will complete 30 real estate projects. They include two supercenter conversions and 28 new stores, which were formerly Zellers stores. Of the 28 Zellers locations, 10 will be supercentres and 18 will be discount stores. The 30 stores employ more than 3,000 associates and represent an addition of nearly 2.4 million square feet of retail space.

  • Sembler names southeast development head

    Atlanta -- The Sembler Co. said that Charlie Heard has joined the firm as VP development and southeast market leader for the company. He will be based in Atlanta.

    Heard’s duties consist of pursuing new shopping center development opportunities in Georgia, South Carolina, North Carolina, Tennessee and Virginia.  He has been involved in development projects for retailers such as Publix, Kroger, Target, Home Depot, Best Buy, CVS and Walgreen's and has worked with top-tier retailers on site selection across industry sectors.

  • Wal-Mart to grow Neighborhood Markets to 500 strong by 2016

    Rogers, Ark. -- In its annual meeting with analysts on Wednesday, Wal-Mart Stores U.S. president Bill Simon said the retailer would accelerate small-store growth to compete with dollar stores and drug stores, and announced plans to have 500 Neighborhood Market stores and 12 Express stores by fiscal 2016.

    “This gives us the opportunity to build more stores for less money," Simon said. Wal-Mart currently operates 217 Neighborhood Markets and 10 Express stores.

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