REAL ESTATE

Trademark to manage and lease Highland Village, Texas, Center

BY Michael Fickes

Fort Worth, Texas — Trademark Property Co. will oversee management, retail leasing and redevelopment analysis for The Shops at Highland Village, a 351,631-sq.-ft. open-air retail center in Highland Village, Texas, serving affluent communities in southern Denton County.

Owned by AEW Capital Management, the center features more than 70 specialty shops and restaurants, including AMC Theatres and the newly opened Grimaldi’s Coal Brick-Oven Pizzeria and Luke’s Locker. In addition, a 38,000-sq.-ft. Whole Foods Market, currently under development, plans to open in third quarter 2014.

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REAL ESTATE

Dunkin’ Donuts plans 46 new restaurants in California

BY Michael Fickes

Canton, Mass. — Dunkin’ Donuts has signed a multi-unit store development agreement with Sizzling Donuts, an existing franchise group, for 46 new restaurants throughout the greater Sacramento, Calif., metro area and the surrounding cities of Stockton, Modesto, Tracy, Manteca, Placerville and Davis.

Over the past year, Sizzling Donuts has signed multi-unit store development agreements to develop more than 60 new Dunkin’ Donuts restaurant throughout Northern Utah, Denver, Colorado and Texas. The group currently operates 17 Dunkin’ Donuts restaurants in these markets.

Since opening California for franchise development last year, the company has executed store development agreements for more than 150 new free-standing restaurants. Franchise opportunities remain available throughout Northern California and portions of Southern California. Over time, plans call for as many as 1,000 restaurants throughout the state.

In an effort to keep the brand fresh and competitive, Dunkin’ Donuts offers flexible concepts for any real estate format including free-standing restaurants, end caps, in-line sites, gas and convenience, travel plazas, universities, as well as other retail environments.

Dunkin’ Donuts’ new look includes four distinct restaurant design options for franchisees, each featuring variations in layout, color schemes, graphics, textures, furniture and lighting. The designs enhance the current restaurant appearance, environment and layout.

Unlike other quick-service restaurants, Dunkin’ Donuts allows franchisees to select individual elements from any of the four options, creating a restaurant design that reflects personal tastes and preferences, and best serves a specific restaurant size and location.

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REAL ESTATE

New white paper addresses retail project management challenges

BY CSA STAFF

New York — A new white paper from Austin, Texas-based Accruent offers retailers insights into key project management challenges.

Called “The Business Case for an Automated Project Management Solution,” the paper discusses ways to maximize store profitability by reducing the time and cost required to open new locations. It also summarizes research findings that support automating project management toward portfolio-wide visibility and maximum real estate asset value.

To access the white paper, click here.

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