REAL ESTATE

Dunkin’ Donuts to open more than 125 units in Chile, Columbia, Peru over next decade

BY Katherine Boccaccio

Canton, Mass. — Dunkin’ Donuts said Wednesday it has forged an agreement with three of its existing Latin American partners to expand the brand further in the region.

The agreements call for 133 new Dunkin’ Donuts restaurants to be developed over the next 10 years – 38 in Chile, 70 in Columbia and 25 in Peru.

Dunkin’ currently has more than 300 restaurants across Latin America, including more than 200 locations in Chile, Colombia, and Peru, as well as locations in Ecuador, Honduras, and Panama.

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Nov-15-2012 03:06 am

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REAL ESTATE

Crosland Southeast announces plans to develop Flowers Crossroa

BY Staff Writer

Clayton, N.C. — Charlotte, N.C.-based Crosland Southeast announced Monday it plans to develop a Harris Teeter-anchored shopping center in Clayton, N.C. Flowers Crossroads will be part of the master-planned Flowers Plantation development. Construction on phase one of the 125,000-sq.-ft. center is slated for a late fall 2012 launch, with an anticipated opening date of fall 2013.

Flowers Crossroads will be a 28-acre multi-use site anchored by the first Harris Teeter grocery store in Johnston County, just southeast of Raleigh, N.C.

The shopping center will feature extensive green space and gathering areas, two small shop buildings and three outparcels.

The 53,000-sq.-ft. Harris Teeter store is expected to have a drive-up pharmacy window and express lane ordering. The store will also be built with green building features such as a white reflective energy efficient roof, motion detection lighting, low-flow faucets, non-ozone depleting refrigerant as well as heat reclamation and energy management systems.

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Simon names chief investment officer

BY Staff Writer

Indianapolis — Simon Property Group announced the appointment of Matthew Lentz as executive VP and chief investment officer.

In this newly created position, Lentz will be responsible for SPG’s investment activity including the company’s international investments. Lentz, who will be based in Simon’s New York office, will serve as a key member of SPG’s executive team and report directly to David Simon, SPG’s chairman and CEO.

Lentz previously was a managing director and portfolio manager at PointState Capital in New York.

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