REAL ESTATE

Regency Centers to install electric vehicle charging stations in six states

BY Katherine Boccaccio

Jacksonville, Fla. — Shopping center owner Regency Centers said Thursday that it will install electric vehicle charging stations at 19 of its grocery-anchored and community shopping centers in Arizona, California, Oregon, Tennessee, Texas, and Washington, D.C.

Regency is partnering with Ecotality to install Blink Level 2 EV charging stations at the 19 centers; the rollout is part of The EV Project, the largest national deployment of commercial and residential charging stations in major U.S. cities and metropolitan areas.

The goal of The EV Project is to collect data on electric vehicle use, evaluate the effectiveness of EV charging infrastructure and evaluate revenue systems for commercial and public charging stations.

According to Mark Peternell, Regency’s VP sustainability: “Regency is utilizing The EV Project to assess the viability and consumer demand for providing EV chargers at additional shopping centers. Going forward, Regency will install additional chargers in its portfolio based upon consumer demand, if the pilot program results demonstrate that it makes sound financial sense.”

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OPERATIONS

McDonald’s chief to retire June 30

BY Katherine Boccaccio

Oak Brook, Ill. — McDonald’s Corp. announced Wednesday that vice chairman and CEO Jim Skinner will retire on June 30.

Skinner will be succeeded by current president and COO Dan Thompson, 48, effective July 1.

Skinner, 67, has worked for the chain for 41 years and has served as CEO since late 2004. “Doing what’s right for our customers and our business has driven my passion as CEO of McDonald’s,” he said in a statement. “I’m honored to have served and earned the trust of the board, our shareholders, franchisees, suppliers and the men and women of this great company.

Credited with a turnaround of the world’s largest hamburger chain, Skinner took the helm following the deaths of his two immediate predecessors, Charlie Bell and Jim Cantalupo. At that time, McDonald’s was just beginning to execute its Plan to Win, a program now described as the catalyst for reversing a negative sales trend.

Thompson became president and COO of McDonald’s in January 2010. Previously, he served as president of McDonald’s USA from 2006 until 2010.

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REAL ESTATE

RadioShack forges agreement to expand into southeast Asia with 1,000 stores

BY Katherine Boccaccio

Fort Worth, Texas — RadioShack Corp. said Thursday it has made an agreement with Malaysian retail group Berjaya Retail Berhad that will expand RadioShack’s global footprint across 10 Southeast Asian countries.

Under the long-term agreement, Berjaya Retail (Cayman) Limited as franchise developer is expected to open at least 1,000 franchise locations across the Association of Southeast Asia Nations within the first 10 years. Its subsidiary in Malaysia, Berjaya RS Sdn. Bhd., expects to open its first RadioShack locations later this year in Kuala Lumpur.

The Berjaya relationship represents RadioShack’s single largest franchise expansion to date and offers the potential to nearly double the number of RadioShack’s total dealer-franchise locations worldwide, eventually increasing the company’s global footprint to 39 countries.

Berjaya Retail Berhad operates the 7-Eleven and Singer brands that have a combined network of 2,000 stores.

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