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7-Eleven, Inc. to expand further throughout Southern California

7-Eleven, Inc. announced recently that it intends to embark on an aggressive growth plan in Southern California that will include more than 100 new stores across the region in the next three years. The company also announced that it has hired CB Richard Ellis Group, Inc. to serve as its exclusive brokerage firm in Southern California, focused on assisting 7-Eleven in expanding its market share.

According to the information provided, the planned store expansion will span seven counties, namely Los Angeles, Orange, Riverside, San Bernardino, San Diego, Ventura and Santa Barbara. The new store investment is approximately $50 million this year and expected to be more than $60 million for 2010.

“We are committed to investing in Southern California through new store development, remodeling existing locations and creating more franchise and other business opportunities,” said Dan Porter, 7-Eleven vice president of real estate and new store development. “7-Eleven wants to quickly identify new locations and take advantage of opportunities throughout the region. CB Richard Ellis’ extensive network and broker contacts will be important to our success as we enter a period of rapid, new-store expansion.”

7 Eleven, Inc. is one of the largest chains in the convenience retailing industry. Based in Dallas, Texas, 7-Eleven operates, franchises or licenses approximately 7,800 7-Eleven® stores. (kbp)

7-Eleven (USA)

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