Skip to main content

Convenience Stores

  • Cogent Group acquires the fee interest in 15 North Carolina KFC properties

    Dallas -- Real estate investment firm The Cogent Group said Tuesday that it has acquired 15 KFC properties in North Carolina. The properties are leased to a franchisee.
     
    The 15 units are located in prime retail corridors in the North Carolina Triad market consisting of Greensboro, Winston Salem, and High Point, with above average unit sales. The properties are subject to long-term triple net leases having an initial term of 20 years, plus renewal options.
     

  • Dunkin’ Donuts to develop 11 locations in New Orleans

    Canton, Mass. -- Dunkin’ Donuts announced the signing of multi-unit store development agreements with two franchise groups to develop 11 restaurants throughout New Orleans.

    The two franchise groups and their development plans include:

  • Fairlawn Town Centre sold to new ownership

    Bryn Mawr, Pa. -- WP Realty and Angelo, Gordon & Co. announced Tuesday the sale of Fairlawn Town Centre located in Fairlawn, Ohio.
     
    Fairlawn is located just west of Akron; Fairlawn Town Centre is a 447,037-sq.-ft. community shopping center anchored by Giant Eagle, Target (separately owned), Home Goods, Pet Supplies Plus, Ashley Furniture and Marc’s. In-line retail tenants include U.S. Post Office, Chuck E. Cheese, Panera Bread, GNC, Subway and RadioShack.

  • RILA seeks tax fairness in 2013

    ARLINGTON, Va. -- The passage of comprehensive tax reform and a more level playing field between online retailers and Main Street retailers for sales tax collection top the Retail Industry Leaders Association’s public policy priorities for 2013.

    According to RILA, the retail industry pays among the highest domestic effective tax rates at 36.4% more than 10 percentage points higher than the average for all other industries.

  • Safeway names former Starbucks finance chief as CFO

    Pleasanton, Calif. -- Safeway Inc. announced Monday that it has named Peter J. Bocian as EVP and CFO, effective Feb. 19.

    Bocian, who will report to Safeway president Robert Edwards, spent a year with Starbucks as the coffee purveyor’s CFO and chief administrative officer. Most recently, he was head of real estate finance for JP Morgan Chase.

     

  • Duncan takes over as Supervalu chief

    MINNEAPOLIS — Supervalu has named Sam Duncan president and CEO.

  • Duncan takes the reins at Supervalu

    Minneapolis -- Supervalu on Monday announced that Sam K. Duncan will become president and CEO, effective immediately. He succeeds Wayne Sales, who has served as the company’s president and CEO since July 2012.

  • Harris Teeter Q1 sales up, grows market share

    MATTHEWS, N.C. — Southeastern and Mid-Atlantic supermarket chain, Harris Teeter, reported that sales for the first quarter of fiscal 2013 increased by 3.7% to $1.16 billion from $1.12 billion in the first quarter of fiscal 2012. The increase in sales was driven by an increase in comparable-store sales of 2.53% and sales from new stores, partially offset by store closings.

X
This ad will auto-close in 10 seconds