The Real Deal New York

7-Eleven to expand in outer boroughs, LI

May 18, 2010 11:30AM

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7-Eleven is looking to expand in the outer boroughs and Long Island and has tapped CB Richard Ellis’ retail services group in Long Island as its exclusive leasing agent. The Dallas-based convenience retailer plans to open 180 stores over the next three years in Brooklyn, Queens and Staten Island as well as Long Island. The company is targeting high-profile locations with spaces of 1,700 to 3,500 square feet for its 24-7 operation. “The outer boroughs, southern New York and Long Island have been important markets for 7-Eleven for years,” said Ken Barnes, 7-Eleven’s real estate manager for the Northeast. “We have some 260 stores in this area and recognize the growth opportunity in this dynamic, high-population market. Through new store development and remodeling of existing locations, we are creating franchise and other business opportunities.” TRD

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