REAL ESTATE

DDR Launches FranchiseConnect

BY Katherine Boccaccio

Beachwood, Ohio –Shopping center owner and manager DDR Corp. announced Monday the launch of FranchiseConnect, a new online platform connecting shopping centers, franchise opportunities and entrepreneurs.

FranchiseConnect is DDR’s latest program designed to provide business opportunities to aspirational entrepreneurs. DDR recently launched Set Up Shop, a program offering flexible terms at specific locations for entrepreneurs and expanding small businesses.

DDR developed FranchiseConnect in partnership with its franchise retailers to provide entrepreneurs with web-based tools to research local and site-specific franchise opportunities across the company’s national portfolio of market-dominant prime shopping centers. FranchiseConnect will assist aspiring business owners by facilitating a connection to local franchise opportunities with some of the world’s leading retailers.

"Franchisees are excellent tenants as they have a personal investment in their business and at the same time they are backed by a national brand, an existing customer base and a proven business model. We have many successful franchise establishments currently in our portfolio and look forward to expanding that category further," said Paul Freddo, senior executive VP of leasing and development.

DDR uses geographic information technology and business intelligence systems to identify the best locations for each of its franchise partners. When analyzing the company’s shopping center portfolio, DDR considers the franchisor’s ideal requirements such as distance from the nearest location, trade area demographics, shopping center venue, tenant mix, competition, space size and location within the shopping center.

DDR currently has over 1,200 open and operating franchise establishments within its portfolio, including Dunkin’ Donuts, Great Clips, GNC, Subway, Domino’s Pizza, Panera Bread, Massage Envy Spa, Menchie’s Frozen Yogurt and The UPS Store.

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REAL ESTATE

Chipotle to open 155 to 165 locations in 2012

BY Staff Writer

Denver — Chipotle Mexican Grill expects to open 155–165 new Chipotle locations in 2012.

"While this is more restaurants than we’ve ever opened in a single year, we are confident," said co-CEO Montgomery Moran in the company’s fourth-quarter earnings call. Moran cited the "quality of what’s in the real estate pipeline."

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Bottom Dollar to open seven more stores in Pittsburgh and Youngstown, Ohio, markets

BY Staff Writer

Salisbury, N.C. — Bottom Dollar Food will open an additional seven stores in the greater Pittsburgh and Youngstown, Ohio, markets on Feb. 9

The discount grocer opened its first seven stores in the greater Pittsburgh area on Jan. 26.

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