7-Eleven Makes Plans for 600 New Stores in SoCal

KTLA News
3:51 AM PDT, July 24, 2009

LOS ANGELES -- The 7-Eleven convenience store chain is planning to lease up to 600 new locations in Southern California, a move that would double its presence in the region.

The company hired commercial real estate broker CB Richard Ellis on Thursday and began scouting locations for a planned seven-year expansion.

7-Eleven currently operates 800 stores from San Luis Obispo County to the Mexico border.

7-Eleven, a Dallas unit of Tokyo-based Seven & I Holdings Co., said that by launching so many stores in the middle of a crushing real estate downturn it will save millions of dollars on rent.

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