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Convenience Stores

  • DRE completes four leases totaling 14,367 sq. ft.

    Richmond, Va. -- Divaris Real Estate announced the completion of four leases totaling 14,367 sq. ft. of commercial space in the metropolitan Richmond, Virginia market.

  • CST Brands puts itself up for sale

    Convenience store chain CST Brands has addedtwo new independent directors to its board and announced it plans to pursue “strategic alternatives” that could include selling the company.

    The company says the strategic review process will be comprehensive and will include a fresh look at several of CST's previously announced strategic initiatives and plans.

  • Retail employment up

    A strong report on Friday from the Labor Department shows that retail employment was up 51,100 jobs in February on the heels of a gain of 52,100 in January.

    Compared with February 2015, retail jobs were up by 247,300. The numbers exclude gasoline stations, automobiles and restaurants.

  • CBRE completes two retail sales in suburban Chicago for $14.8 million

    Chicago -- CBRE recently completed the sale of two retail centers in the Chicago, Illinois suburbs for $14.8 million.

    Regency Square, a 43,361 sq. ft. center, located in Huntley, Illinois is 97% leased. The center is anchored by Aldi and includes tenants Athletico, Jimmy John’s, Little Caesar’s and SportClips. CBRE represented the seller, Interstate Partners. Regency Square sold for $10.8 million. CBRE’s Derrick Almassy and Rich Frolik represented Interstate Partners in the sale to Hamilton Partners.

  • Hudson Lights retail leasing climbs to 75%

    Fort Lee, N.J. -- Tucker Development announced long-term leases for first phase of Hudson Lights in Fort Lee, New Jersey. CycleBar, Linwood Wine & Liquor and SeeSaw will join the roster of tenants already signed to nearly 75% leased, 1 million sq. ft. development, anchored by iPic Theaters. The first-phase of the project will comprise approximately 140,000 sq. ft. of retail and 276 luxury apartments.

  • Rite Aid posts year-end sales lift of 1.3%

    Rite Aid on Thursday announced February sales results of its retail pharmacy segment. For the five weeks ended Feb. 27, total drugstore sales for the five-week period increased 0.1% with sales of $2.6 billion. Prescription sales accounted for 69.4% of drug store sales, and third-party prescription sales represented 98% of pharmacy sales.

  • Retail circular advertising trends, February 2016

    Market Track compared retail circular advertising in February 2016 vs. February 2015 and noted trends occurring across top retail chains.

    Kohl’s added four comparable circulars in February 2016, promoting mainly short duration sales like “50% Two-Day Sale,” “Doorbusters,” and “Make a Point to Shop.” They attempted to leverage their rewards program with 3X the points during the “Make a Point to Shop” sales.

  • Wegmans, Publix named 'Best Companies to Work For'

    Both Wegmans and Publix were named to Fortune's 2016 top-100 list of "Best Companies to Work For," and both grocers - the only retail pharmacy operators on the list - have placed in the top 100 for the past 19 consecutive years.

    Both Wegmans and Publix are two of 12 companies that have earned spots on Fortune's "Best Companies" list every year since the list began.

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