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.
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.
