REAL ESTATE

Dunkin’ Donuts plans a dozen Dayton stores

BY CSA STAFF

Canton, Mass. Dunkin’ Donuts plans to open a dozen locations in the Dayton, Ohio area over the next seven years, according to the Dayton Business Journal.

The chain signed a deal with Tampa Bay, Fla.-based Giant Oil to develop 12 restaurants in the region. The franchisee, Giant Oil, plans to open a location in 2011 and the remaining 11 within the next five years.

Giant Oil has a background in the retail industry, as well as management, ownership and operation of convenience stores.

There is already one Dunkin’ Donuts/Baskin Robbins location in the Dayton area.

In addition to the 12 locations Giant Oil will develop, Dunkin’ Donuts is looking for additional franchisees to develop a minimum of three locations in the surrounding areas of Springfield, Tipp City, Middletown, Eaton and Lima, the report said.

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REAL ESTATE

Renovation launches at Somerville Circle shopping center

BY CSA STAFF

Raritan, N.J. Levin Management Corp. said Monday that a facelift is under way at Somerville Circle shopping center in Raritan, N.J.

At the same time, a recent pad site building approval and an upcoming small tenant vacancy will create the first leasing opportunities in several years at the 157,000-sq. ft. retail center. 

A three-phase renovation will include a new facade and upgraded signage.

Tenants include Five Below, Panera Bread, Staples, Petco, Toys“R”Us, P.C. Richard & Son, Burger King and PNC Bank.

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REAL ESTATE

Jack in the Box to sell 55 c-stores

BY CSA STAFF

San Diego Jack in the Box Inc. announced Friday it has entered into an agreement to sell 55 of its 61 Quick Stuff convenience stores and gas stations to an undisclosed buyer.

The all-cash transaction is expected to be completed by the close of the company’s fiscal year ending Sept. 27, 2009, according to a report by CSP Daily News.

In addition, the company is currently in negotiations with several other bidders on the remaining Quick Stuff sites and also expects to complete the disposition of those locations by the end of the current fiscal year. According to the report, Jack in the Box does not intend to sell any of its namesake restaurants adjoining the Quick Stuff locations in connection with these transactions.

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