REAL ESTATE

JLL, Experian launch European retail rankings

BY CSA STAFF

Chicago Jones Lang LaSalle has teamed with Experian to launch the 2009 European Retail Centre Rankings, designed to equip retailers, developers and investors with insights into European location opportunities.

The findings put London and Paris at the top of the rankings, as the cities occupying the first and second positions in the rankings in terms of consumer spend have some of the highest prime rents.

Italy, Germany and Spain all have two centers each that make the Top 10 of the European rankings. Moscow is the only city in Central and Eastern Europe to break into the Top 10.

Rome, in third place, edged Milan as the top Italian location.

The European Retail Rankings, according to its creators, are the first rankings to combine both spend and prime rental levels to understand the quality of a city’s retail provision and the turnover levels that retailers can achieve.

James Dolphin, head of the Pan-European Retail Agency at Jones Lang LaSalle, said: “The Euro Rankings provide a major step forward in establishing and comparing the size of the retail spend in major European cities.”

He went on to say that the rankings measure more than just market size but also rental levels when developing the market order. “By combining both and applying our specialist retail agent’s knowledge and expertise in each country, we can better understand the quality of the retail environment, occupier demand, availability of space and ultimately provide a guide to helping determine potential turnover.”

The Top 10, in order, were London; Paris; Rome; Madrid; Berlin; Munich; Barcelona; Athens, Greece; Moscow; and Milan.

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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

JLL to lease, manage Cupertino Square

BY CSA STAFF

Cupertino, Calif. Jones Lang LaSalle said Friday it has been selected to lease and manage Cupertino Square, a 1.2 million-sq.-ft., two-story shopping mall located in the heart of California’s Silicon Valley near San Jose.

“Cupertino Square has a rich history in the marketplace as a popular shopping, dining and entertainment destination,” said Greg Maloney, president and CEO of Jones Lang LaSalle Retail. 

Recently renovated and renamed, Cupertino Square is anchored by J.C. Penney, Macy’s and Sears. The tenant roster includes Victoria’s Secret, Famous Footwear, Mrs. Field’s Cookies and Alexander’s Steakhouse. In addition, a newly remodeled T.G.I. Friday’s is scheduled to open soon.

Among the entertainment options at the center are the AMC 16 Theatres, Strike Bowling and Entertainment Center, a 38,000-sq.-ft., 32-lane upscale bowling, dining and entertainment center, the Ice Center of Cupertino and a new state-of-the-art, 600-seat food court.

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