7-Eleven May Leave Downtown Dallas

DePinto 7-11

The headquarters of the convenience store company moved to the downtown Dallas Arts District in 2007, but they may be relocating again to the suburbs before their current 15-year lease with One Arts Plaza has expired. The great Christine Perez at D Real Estate Daily has the scoop:

According to local real estate sources, the global retailer is in closely guarded talks to relocate to another Billingsley project, Cypress Waters, a 1,000-acre development that surrounds North Lake, near the northeast intersection of Interstate 635 and Belt Line Road.

Most of Cypress Waters lies within an island of land that was annexed by the City of Dallas in the 1950s for a power plant. It’s bounded by Coppell to the north and west, and by Irving to the south and east. Sources say that 7-Eleven is eyeing a build-to-suit site along LBJ Freeway, south of Hackberry Road/Ranch Trail Drive, on a strip of land that lies within Irving. The property previously was marketed for retail use.

7-Eleven, which was acquired by Seven-Eleven Japan Co. Ltd. of Tokyo in late 2005 but maintains its headquarters in Dallas as a wholly owned subsidiary, has been on an expansion kick. Last year it announced record store growth, achieved through acquisitions, business conversions, and organic growth.