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Convenience Stores

  • CarCharging and Walgreens expand EVC services to Midwest

    Miami Beach, Fla. -- Car Charging Group announced Thursday the expansion of its relationship with Walgreens by adding EV charging services to 11 Walgreens locations throughout Ohio in Akron, Canal Winchester, Columbus, Dayton, Franklin, North Canton, and Reynoldsburg.

    In 2012, CarCharging launched the rollout of Walgreens EV charging services at eight locations in Kissimmee and Orlando, Fla.

     

  • Kimco Realty part of Supervalu deal

    New Hyde Park, N.Y. — In the much-watched deal between Supervalu and a consortium of investors led by Cerberus Capital Management, Kimco Realty Group – along with several other real estate companies — has emerged as a player.

  • Agree Realty acquires Applebee’s restaurant portfolio

    Farmington Hills, Mich. -- Agree Realty Corp. said Thursday it acquired a portfolio of four Applebee's restaurants, as well as an Advance Auto Parts in late December 2012 for about $10 million.

    These latest acquisitions bring Agree’s 2012 total purchase activity to approximately $81.5 million.

    The recently acquired Applebee's assets are located in Harlingen, Texas, and Wichita Falls, Texas, as well as two properties in Pensacola, Fla. The Advance Auto Parts is located on an outlot to a Walmart Supercenter in Lebanon, Va.

  • Report: 2012 sees improved leasing for retail real estate

    North Plainfield, N.J. -- A Thursday report by Levin Management Corp. found that leasing activity in New Jersey, New York and Pennsylvania improved in 2012.

  • Real estate continues recovery in Q4

    Los Angeles -- CBRE Group reported Thursday that, despite sluggish economic growth, the U.S. commercial real estate market remained on a recovery path in fourth quarter 2012.

    The retail availability rate declined slightly to 12.8%, down 10 bps compared with the previous quarter.

    “The broken record of slow but positive progress toward a real estate recovery continues to repeat,” said Jon Southard, managing director of CBRE’s Econometric Advisors Group.

  • Supervalu in deal with private-investor group led by Cerberus

    Minneapolis -- Supervalu Inc. announced Thursday that it has reached a deal to sell its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores and related Osco and Sav-on in-store pharmacies to a private equity group in a transaction valued at $3.3 billion.

    AB Acquisition, a consortium of investors led by Cerberus Capital Management, will get 877 stores across the various banners in the deal. The investor group also includes Kimco Realty Corp., Klaff Realty LP, Lubert-Adler Partners and Schottenstein Real Estate Group.

  • Tecate celebrates Hispanic football fans

    NEW YORK — Tecate and Tecate Light announced the launch of their national retail program focused on helping U.S. Hispanics 21 and older celebrate their passion for football. The brand equity will place bilingual thematic POS materials with the slogan "A Man Knows How to Choose His Team," cross-merchandise and consumer promotions at off-premise locations across the country between Jan. 1 and Feb. 15, 2013.

  • MasterCard Advisors: December total U.S. retail sales up 2.4% year-over-year

    Purchase, N.Y. -- Total retail sales (excluding automotive) for December 2012 grew by 2.4% year-over-year, according to a SpendingPulse report released Wednesday by MasterCard Advisors, the professional services arm of MasterCard. (SpendingPulse reports on national retail sales and is based on aggregate sales activity in the MasterCard payments network, coupled with estimates for all other payment forms, including cash and check.)

  • Construction starts on Woodhaven Plaza in Old Bridge, N.J.

    Old Bridge, N.J. -- Construction and leasing are now under way on Woodhaven Plaza, a new neighborhood shopping center in Old Bridge, N.J.

  • Survey: Majority of consumer interested in redeeming loyalty points

    Richmond, Va. -- Survey results released Tuesday by Affinion Loyalty Group found that 89% of consumers are interested in redeeming points at point-of-sale.

    The survey also found that the respondents identified cash and retail store gift cards as their two favorite redemption items.

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