REAL ESTATE

Four new retailers sign into Fashion Valley

BY Michael Fickes

San DiegoSimon Property Group has announced that AllSaints, Pink, lululemon athletica and Free People plan to open stores at San Diego’s Fashion Valley in coming months.

British fashion house, AllSaints will open a 5,200-sq.-ft. space in late March. The international retailer now has 107 stores in eight countries.

PINK plans a July opening in a 5,500-sq.-ft. standalone store. This summer, lululemon athletic will open a 3,800-sq.-ft. store. Free People will follow along later this year.

In addition, Victoria Secret plans to expand its space, and Lorna Jane will re-locate.

Fashion Valley spans more than 1.7 million sq. ft. and offers more than 200 stores. Anchors include Neiman Marcus, Nordstrom, Bloomingdale’s, Macy’s and J.C. Penney.

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REAL ESTATE

Walgreens opens on New Orleans Westbank

BY Michael Fickes

Covington, La. Stirling Properties has announced the opening of a full-service Walgreens in Terrytown on the Westbank of New Orleans. The new drugstore stands on the site of a former shopping center anchored by an A&P Grocery store and an Eckerd Drug store.

The 17,384-sq.-ft. store has a drive through window and full service pharmacy. Observers say the store may serve as a catalyst for future development in the aging retail corridor. As a preferred developer for the Walgreens Co. in the Gulf South, Stirling provided pre-development services, including lease negotiation, permitting, financing, design and construction and project management.

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Dunkin’ Donuts plans 65 new stores in Brazil

BY Dan Berthiaume

Canton, Mass. — Dunkin’ Donuts has signed an agreement with OLH Group to begin developing Dunkin’ Donuts restaurants in the Brasilia and Goias regions of Brazil. The agreement calls for the development of 65 Dunkin’ Donuts restaurants in the Brasilia and Goias areas during the next several years.

Dunkin’ Donuts currently has nearly 11,000 restaurants in 33 countries around the world, including more than 325 locations across Latin America in Chile, Colombia, Ecuador, Guatemala, Honduras, Panama and Peru. Dunkin’ Donuts restaurants in Brazil will feature the brand’s regular menu, as well as regional menu items specific to Brazil to cater to local tastes. Dunkin’ Donuts is still looking to recruit qualified, multi-unit franchisee candidates to develop the brand in other markets in Brazil, including Sao Paulo and Rio de Janeiro.

"We feel there is significant opportunity for the Dunkin’ Donuts brand in Brazil and are delighted to announce the signing of our agreement with OLH Group to enter the market," said Paul Twohig, president, Dunkin’ Donuts U.S. and Canada, and Dunkin’ Donuts & Baskin-Robbins Europe and Latin America. "The leaders at OLH Group have extensive restaurant industry experience and a deep knowledge of local consumers, so we feel they will be strong partners as we enter Brazil. We look forward to serving Brazilian consumers Dunkin’ Donuts’ wide range of high-quality foods and beverages."

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