Gas Stations

AMSTERDAM, The Netherlands -- Ahold reported that net sales for its U.S. division increased 6% to $5.6 billion for the fourth quarter. Identical-store sales for the quarter increased 1.9%(0.9% excluding gasoline), and comparable sales were up 2.1%.

For the full year the company reported net sales of $23.5 billion increased b y  5.1% when compared to the adjusted full year 2009 sales. Identical sales were up 1.5% (0.4% excluding gasoline).

Cary, N.C. -- C-store chain The Pantry reported Tuesday that net income for the quarter ended Sept. 30 dropped to $8.5 million, compared with $12.5 million in the year-ago period.

Merchandise revenue for the fourth quarter increased 12% overall and 5.7% on a same-store basis from last year’s fourth quarter.

Smyrna, Ga. -- Westchester, Ill.-based Tri-Land Properties announced that it has received zoning and financing approval for The Crossings at Four Corners in Smyrna, Ga. Tri-Land has sold eight acres of the project to Cincinnati, Ohio-based Kroger Co.

Cole Taylor, a Chicago based lender, is providing the construction financing for the project.

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.

Ankeny, Iowa -- Casey's General Stores reported on Wednesday that the costs of its recapitalization plan and its defense against hostile bids by competitor Canada’s Alimentation Couche-Tard take a bite out of its second-quarter net income.

Casey's said it earned $21.7 million for the quarter that ended Oct. 31, compared with $33.6 million in the same quarter last year. The results include roughly $19.4 million in expenses related to its recapitalization plan and the dispute with Couche-Tard.

Los Angeles -- Commercial real estate investment banking firm George Smith Partners, has completed a $17.2 million, two-phase, construction loan transaction in Oxnard, Calif., for Upside Investments.

Palm Springs, Calif. -- La Jolla, Calif.-based Ramsey Real Estate Group announced that it has acquired a 10,550-sq.-ft. building that is a portion of Palm Springs Marketplace in Palm Springs, Calif.

The acquisition was made by Ramsey Real Estate Group’s The Shops at Palm Springs Marketplace, LP. The firm paid $1.15 million for the property.

Palm Springs Marketplace is a Stater Bros.-anchored community shopping center with a tenant mix of Arco, McDonald’s, Taco Bell, AutoZone, Dollar Tree, Dairy Queen and Kaiser Permanente.

Asheville, N.C. - Grocer Ingles Markets Inc. reported Tuesday that profit for the fourth quarter rose 63% to $8.5 million, compared with $5.2 million a year ago.

Revenue increased 3% to $856 million. Excluding gas, revenue rose 2%. Same-store sales rose 1.8%.

Ingles operates 203 supermarkets in the Southeast.