Open & Shut: 2-7-2011
The where, when and why behind recent station, store openings, closings nationwide
Published in CSP Daily News
Friedman Real Estate Group Inc. recently negotiated a number of property sales and leases, including a gas station in Lake Orion. F & K Lake Orion Properties LLC sold the property to The Kroger Co, which will open a Kroger-branded gas station, said The Oakland Press.
7-Eleven will open its second location in downtown Ann Arbor in April, said AnnArbor.com. The chain signed a deal in January for a 3,000-sq.-ft. store. The new store will serve both the University of Michigan campus and the nearby residential neighborhood. The location fits the 7-Eleven business model because it offers the potential for high-traffic business in an underserved retail area, said Jim Chaconas of Colliers International, who represented both the retailer and the building owner in the transaction. The property is owned by DKH Exchange.
The owner of the closed gas station in Ann Arbor plans renovations to the building and expects to reopen this spring, reported AnnArbor.com. The former Packard Mini Mart has been wrapped in yellow "caution" tape since it was sold this fall in Washtenaw County's tax foreclosure auction. The new owners are Davuluri Brothers Inc. They paid $288,500 for the property, according to city records.
A BP station across from the former Packard Mini Mart in Ann Arbor closed in mid-January, said AnnArbor.com. Early signs of change came before Thanksgiving when the store stopped accepting credit cards. Balloons were added to the property, drawing drivers' attention to the "going out of business" sign. The business is operated by Big M Fuel LLC BP.
New owner of a foreclosed Ann Arbor gas station started renovations in January, said AnnArbor.com. Mark Yaldo bought the former Washtenaw Mini Mart property after it closed following a lender foreclosure. He plans to reopen under the Marathon brand by mid-summer after multiple building upgrades. Renovations started early this month, with crews preparing to transform the former repair bays into a c-store. Interior changes will include adding higher ceilings to the 1,450-sq.-ft. retail space and a University of Michigan-themed decor. The exterior will get a new brick facade . He envisions operating a green fuel center, adding E85 fuel to the traditional fuel lineup. He expects more flex-fuel options to be added as new technologies reach the U.S. market. The property sold for $350,000, compared to its assessed value of $585,400.
A remodeled Speedway reopened recently in Ann Arbor, said AnnArbor.com. The owner of a CITGO station has applied to expand that station, too; a new Kroger gas station is also slated to open soon.
Spartan Stores opened its25th fuel center in Fenton in October under the VGs banner, the company told CSP Daily News. The 1,100-sq.ft. prototype has been updated inside, and under the canopy there will be four blender dispensers, including one with diesel.
Casey's General Stores Inc. opened a new location in Mantorville on February 1, the company said on Facebook.
Casey's General Stores Inc. opened a new store in Grand Island, reported The Grand Island Independent. The store celebrated its grand opening February 4 after a soft opening the day before. Store manager Cara Luebbe said the store has 16 employees and that number could get up to 20. There will be two assistant managers and six to eight full-time employees with benefits. The store will offer fresh sub sandwiches, pizzas, breakfast and regular pizza all day, fresh salads, pita wraps and doughnuts, made in the store.
The former North Street Market in Keene is now K&S Convenience, but still serves sandwiches made to order, said The Keene Sentinel.
Wawa has opened a new store in Middletown, reported The Asbury Park Press.
The new store features 4,600 square feet of retail space, with a full service deli and bakery and gasoline facilities.
A Circle K Shell station in Tucumcari closed in January, said The Quay County Sun.
The Sunoco gasoline station in Watertown will be razed and replaced in this spring, The Watertown Daily Times said. Atlantic Refining & Marketing Corp., a gasoline distributor that owns 550 of the 4,500 Sunoco stations, has asked to move the building farther away from the road to allow parking in front of the building. "They are getting rid of the car wash. Though the size of the building is only increasing by 24 square feet, it really increases the size of retail space." The canopy over the gasoline pumps will remain as-is, he said, but the pumps will be replaced. A diesel tank will be added on new pavement at the west end of the lot. The pumps will be closed during the three- to four-month construction period, spokesperson Joe McGinn said.
Bob Wischart, who manages a c-store and former Mobil station in Syracuse, told WSYR-TV that his facility has changed from Mobil to Sunoco.
A new Stewart's Shop opened in Warrensburg on January, the company said on Facebook.
A Shop24 automated c-store opened January 28 on the campus of SUNY Cortland. It stands nine feet high, is 13.5 feet wide and 10 feet deep and occupies space in front of Neubig Hall in the heart of campus. The store can dispense items ranging from 1 ounce to 8 pounds and will carry about 175 items. The project is a partnership between the College's Auxiliary Services Corporation (ASC) and Shop24. The Shop24 series of products are self-contained, unmanned retail stores designed to capitalize on the gap between staffed c-stores and traditional vending machines. It will carry a variety of foods and beverages as well as several nonfood items that students use on a daily basis. It accepts cash, credit cards and campus Connections cards.