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REAL ESTATE

  • 7-Eleven to acquire 28 Pacific Convenience locations, will remodel/rebrand all

    Dallas -- 7-Eleven is acquiring the retail interests of 28 locations owned by Pacific Convenience & Fuels LLC.

    The acquisition includes sites in California, Oregon, Washington and Colorado, and is slated to close in fourth quarter 2011. Terms of the transaction have not been disclosed.

    All of the locations will be rebranded as 7-Eleven and will retain the Conoco-Phillips/76 gasoline brands.

  • Rose Paving Co. completes parking lot improvements for 7-Eleven

    Bridgeview, Ill. -- Rose Paving Co. has completed a major parking feet enhancement program at 7-Eleven locations in the northeastern United States. The project, which involved 970,463 sq. ft. of space, spanned the course of five weeks. Work ranged from two-inch mill and overlay to full parking lot reconstruction at more than 75 7-Eleven stores in Maryland, New Jersey, and Virginia -- all while stores remained open.

  • Starbucks to expand in Latin America

    New York City -- Starbucks Coffee Co. plans to expand in Latin America after concentrating in recent past years more on Asia, founder and CEO Howard Schultz said at a presentation in Madrid, Bloomberg reported.

    The chain as about $2 billion in cash to invest in an “aggressive and opportunistic way,” Schultz said, and is especially interested in Brazil, according to the report.

  • Retail Group appoints VP real estate

    Lenexa, Kan. -- Retail Group of America, owner of Strasburg Children stores, has announced the appointment of Joanna B. Shawver as VP real estate. She will lead the company’s real estate expansion strategy in the United States.

    Shawver brings more than 20 years of commercial real estate experience to her new role, with specialties in tenant representation and shopping center leasing. Most recently, she was VP leasing with RED Development, a Kansas City and Phoenix-based real estate development firm.
     

  • Nordstrom opens in Nashville

    Seattle -- Nordstrom opened the doors to its newest store, in Nashville, Tenn.

    The 149,000-sq.-ft. store is located in The Mall at Green Hills.
     

  • Panda Express to open at Santa Paula Shopping Center

    Santa Paula, Calif. -- Centro Properties Group US announced a 2,000-sq.-ft. lease has been executed with Panda Express at Santa Paula Shopping Center, located in Santa Paula, Calif.

    Centro Properties Group, based in New York City, is the owner of Santa Paula Shopping Center.
     

  • Citi Trends to open two Pa., locations

    New York City -- Centro Properties Group US announced the recent lease executions of two Citi Trends locations. A 13,500-sq.-ft. lease has been executed at Lehigh Shopping Center, in Bethlehem, Pa., and a 12,000-sq.-ft. location will open at Kline Plaza, located in Harrisburg, Pa.

    Both Lehigh Shopping Center and Kline Plaza are owned by Centro Properties, based in New York City.
     

  • Chipotle debuts new restaurant concept

    New York City -- Chipotle Mexican Grill has opened a new format, called ShopHouse Southeast Asian Kitchen, in Washington, D.C.’s, DuPont Circle neighborhood.

    The Asian-themed eatery uses the same set-up as the company’s namesake restaurants, with customers able to customize the food offerings.
     

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