REAL ESTATE

Chipotle opens in Orange Plaza in Middletown, N.Y.

BY Michael Fickes

Purchase, N.Y. — Chipotle Mexican Grill has opened at Orange Plaza, an 815,000-sq.-ft. Middletown, N.Y. power-center owned by National Realty & Development Corp.

Orange Plaza’s anchors include a Wal-Mart Supercenter, The Home Depot, Kohl’s Department Store, Burlington Coat Factory, Marshalls, Bed Bath & Beyond and Staples.

The center draws shoppers from a 12-mile radius with a population of more than 157,000. Approximately 20,000 of the 46,000 vehicles passing the center every day are shopping center destination trips.

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REAL ESTATE

Total Wine & More to open 96th superstore

BY Michael Fickes

Olympia, Wash. — Total Wine & More will open its 96th wine and spirits superstore in Olympia, Wash., on July 18. With over 21,000 sq. ft., the store will offer more than 8,000 wines, 3,000 spirits and 2,500 beers.

The store also houses iPad stations stocked with tasting notes and food pairings, flat screen televisions running programs about winemakers, distillers and brewers and a walk-in humidor. In addition, a classroom provides space for tastings, classes and community meetings.

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REAL ESTATE

Smoothie King plans 1,000 new stores by 2018

BY Michael Fickes

New Orleans — Smoothie King Franchises is targeting the Jacksonville, Fla., metro area to kick off a major expansion calling for 1,000 new franchised and corporate locations over the next five years.

With seven stores in Jacksonville, the company plans to add 10 new locations there over the next three years.

To fuel the national expansion drive, Smoothie King is offering candidates 40% off of its initial franchise fee for the first 40 agreements of 2013 — a savings of $10,000.

In addition, more than 50 existing franchisees have committed to opening additional units across the country this year.

With more than 500 current locations in the U.S., the company sees expansion potential in Southeast, Mid-Atlantic and Northeast states as well as Texas.

Internationally, Smoothie King is planning 50 new stores in South Korea and 10 in Singapore for 2013.

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