7-Eleven Adding 50 Northern California Stores

SAN FRANCISCO-7-Eleven, Inc. plans to add more than 50 new stores in Northern California by the end of 2011 as part of a larger national growth initiative. The Dallas, TX-based owner and franchiser of some 6,300 US stores has tapped St. Louis-based Colliers Corporate Solutions to assist with identifying and securing sites for the two-year expansion plan, which includes approximately 20 more stores in 2010 and approximately 30 in 2011.

Nationally, 7-Eleven is looking to open 250 stores in 2010 and more than 300 in 2011 on top of the 200 it expects to have opened in 2009 and the 170 it opened in 2008. The company says the growth is coming from acquisitions and business conversions as well as developing new locations. The company has tripled the size of its Northern California real estate team in the past two years to prepare for the expansion.

“We are committed to adding 50-plus new stores to the 500 we already have in Northern California,” says 7-Eleven’s new store development executive Dan Porter. “We want to quickly identify new locations and take advantage of opportunities throughout the region.”