Foodservice

Tustin, Calif. -- Present Value Properties announced Tuesday that Annette Kolb has been named director of real estate for the firm.

Kolb will be responsible for the real estate needs of national chain retailers including Pizza Hut, Long John Silver and Jack in the Box franchisees located in Phoenix, Dallas and Missouri. She will handle lease extensions/renegotiations, new locations and relocations and be based in Phoenix.

Cary, N.C. -- The Pantry reported Tuesday that it narrowed its loss in the quarter ended Dec. 29 to $2.9 million, from $12.2 million in the year-ago period.

Total revenue increased to $1.96 billion, beating Wall Street's expected $1.93 billion in revenue.

Same-store merchandise revenue increased 2% in the quarter.
 

Bowie, Md. -- Jacksonville, Fla.-based Regency Centers said it has leased retail space to three new tenants at Bowie Plaza, located in Bowie, Md.

Opening its fifth gym in the Washington, D.C./Baltimore market, Fitness 4 Less is relocating to 21,750 sq. ft. in Bowie Plaza. Peeper’s Family Eye Care leased 2,400 sq. ft. of retail space, and Dunkin’ Donuts, offering a drive-thru option, leased 1,600 sq. ft. of space.

All three businesses are slated to open in spring 2012.

Dallas -- 7-Eleven has entered into an agreement with Sam's Mart LLC to acquire 55 Sam's Mart stores in North and South Carolina and convert them to 7-Eleven stores this year. Local contractors will be hired for the remodeling program to begin later this year.

The transaction is anticipated to close in February, subject to standard closing conditions and regulatory approvals.  Terms of the deal were not disclosed.

New York City -- Starbucks Coffee Co. plans to sell beer, wine and more upscale food, including hot flatbreads and small plates, in a small number of its locations in Atlanta and Southern California by the end of this. The company previously announced the same plans for about half a dozen stores in Chicago.

Currently, five stores in the Seattle area and one in Portland, Oregon, now feature the extended offerings.

Toms River, N.J. -- Fameco Real Estate said it has signed a lease with Tardi’s Ristorante at Bellcrest Plaza, located in Toms River, N.J.

Owned by H. Hovnanian Industries, Bellcrest Shopping Plaza is a 106,000-sq.-ft. neighborhood shopping center formerly anchored by Foodtown but still home to Planet Fitness, Burger King and Provident Bank.
 

Cary, N.C. -- The Pantry Inc.'s fiscal fourth-quarter profit fell 61%, pulled down by an impairment charge. Net income fell to $3.3 million for the period ended Sept. 29, down from $8.5 million in the year-ago period, which had one extra week.

Interim CEO Edwin Holman said in a statement that the convenience-store company will look to improve its merchandise sales next year and will do this by taking a look at the prices it charges.

Revenue rose 12% to $2.18 billion, boosted by fuel sales. Same-store sales were down 0.8%.

Goodlettsville, Tenn. — Dollar General on Monday told analysts the company plans to open 40 DG Market concepts in 2012 in both new and existing markets based on the success of the concept.

Kendall Lakes, Fla. -- Jacksonville, Fla.-based Regency Centers said that two new merchants have leased space at its Shoppes @ 104 shopping center, in Kendall Lakes, Fla.

Yogurtini has leased 1,400 sq. ft. of retail space, and Great Clips has leased 1,344 sq. ft. The 108,192-sq.-ft. shopping center is anchored by Winn-Dixie, alongside national retailers such as The UPS Store, Subway and GNC.
 

El Segundo, Calif. -- Fresh & Easy Neighborhood Market announced it is hiring for more than 20 stores that are set to open early next year.

The company expects to hire more than 600 employees for the new stores, which will be opening in California and Nevada.