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Canadian company to purchase 23 of NM convenience stores

Canadian company to purchase 23 of NM convenience stores

 

Canadian firm Alimentation Couche-Tard Inc. will purchase 23 Circle K branded convenience store in New Mexico.

As one of the largest independent convenience store operator in the U.S., Couche-Tard also operates in Europe.  Albuquerque Convenience and Retail currently still own the 23 stores up for purchase.

“Subsequent to this transaction, our network in the Southwest division would include a total of 271 company operated-stores and six locations under wholesale or franchise agreements. These stores occupy strategic locations within their respective trade areas. Strategically, this acquisition would be a great addition to our expansion and growth plans for the Southwest division,” said Lou Valdes, vice president of operations, Southwest division, in a news release.

The purchase price for the convenience stores was not disclosed.

Couche-Tard expects the transaction to be completed and processed by December. 

InnovateABQ project one step closer

InnovateABQ project one step closer

New Mexico’s Educators Federal Credit Union has promised $1 million annually for the next three years to the University of New Mexico to help purchase a plot of land.

The 7.5-acre plot will serve as the site of the new InnovateABQ business incubator. It is currently occupied by the old First Baptist Church. The plot is at the corner of Broadway Boulevard and Central Avenue.

The $3 million gift from NMEFCU is the first private donation the university has received. Bob Frank, UNM President, said that the university has also been promised another $3 million by the city of Albuquerque and another $1.5 million by the U.S. Economic Development Administration grant funding.

Bonefish Grill to come to Albuquerque

Bonefish Grill to come to Albuquerque

Next summer, the Bonefish Grill is set to open its first location in New Mexico at the Coronado Center in Albuquerque.

The new restaurant will occupy the 5,400 square foot space on the mall’s east side near Khol’s, according to mall officials.

“Bringing first-to-market retail and restaurants is something we strive to do at Coronado Center,” Randy Sanchez, senior general manager at Coronado Center, said in a statement. “Our customers won’t be disappointed with the restaurant’s diverse menu and fantastic fresh fish dishes. I’m confident Bonefish Grill will quickly become a shopper favorite at the center.”

The restaurant specializes in fresh fish dishes and wood-grilled specialties. It is based in St. Petersburg, Fla. and there are currently 190 Bonefish Grill in the US. The restaurant is part of the Bloomin’ Brands company who also operate Outback Steakhouse and Carrabba’s Italian Grill.

LongHorn Steakhouse set sights on ABQ

LongHorn Steakhouse set sights on ABQ

There are more than 375 Longhorn Steakhouses across the United States but there have yet to be one in New Mexico. Spokeswoman Erica Jaeger Ettori says that may be changing.

Darden Restaurants, owner and operator of Longhorn Steakhouses along with Olive Garden and Red Lobster, is in negotiations for a site in Albuquerque that will house the first Longhorn Steakhouse of NM.

Etorri said that it is too early to confirm an opening date or location for the steakhouse. However, she did say that an opening Longhorn Steakhouse could hire between 80 to 100 new employees.

The restaurant menu offers steaks dishes, ribs, chicken, salmon, lobster, shrimp, and salads.

Mayor Berry opens renovated blacksmith shop

Mayor Berry opens renovated blacksmith shop

On Tuesday October 1st, Mayor Richard Berry celebrated the grand opening of the renovated blacksmith shop by flipping a switch that illuminated the new neon sign above the entrance. The sign symbolizes the opening of the rail yards to the public.

“Today begins the rebirth of the Albuquerque rail yards as part of our community. By making the rail yards once again part of the community we are able to keep the rich history embodied here alive.” Mayor Berry said.

With over 2,000 people in attendance, Albuquerque is now able to enjoy the rail yards as a place to host farmers markets, concerts, car shows, and other events. The building is now up to current safety codes which permits its public use.

Construction on the site began in July of this year and the project was funded by voter approved G.O. Bonds. Bradbury Stamm was the contractor for the construction.

Albuquerque Business First goes mobile

Albuquerque Business First goes mobile

Albuquerque’s premier business journal is now available on the Apple App Store.

Founded in 1993, the Albuquerque Business First journal provides comprehensive and exclusive coverage of local businesses in New Mexico.

Now, residents can have access to business’ latest breaking news right at their finger tips on their iPhones or iPads.

Search for Albuquerque Business First on the Apple App Store to download and begin reading the latest business news.

The app is available for free to subscribers and 4-weeks free for non-subscribers.

Girard Commons Apartments For Sale

Girard Commons Apartments For Sale

 The Girard Commons Apartments have been listed on the real estate market for
$5.3 million by owner.

 

Todd Clarke has listed the 108-studio apartment community located near the University of New Mexico Law School campus for sale.

 

The apartment consists of four buildings on 2 acres in a mixed-use corridor. Nearby businesses include the Tennis Club of Albuquerque, Alpine Sausage Kitchen, Don Mickey Designs, and Padilla’s Mexican Restaurant. Clarke is representing the owner, whose name has not been disclosed.

 

The four buildings are located at 1409/1410/1520 Girard Blvd. NE and 1440 Vassar Drive NE.

 

Clarke said the owner is willing to sell the property as one portfolio or as individual buildings. He said the average rent for the units is $547 per month, with an average square footage of 353 square feet.