REAL ESTATE

Ulta to open three-level flagship in Philadelphia

BY Marianne Wilson

Philadelphia — Ulta Beauty will open a flagship in Philadelphia on Rittenhouse Row in the Center City district. The store will be the beauty retailer’s first location in Center City.

“Ulta will open an exciting three level store much like its only other signature urban store in Chicago,” said Steve O’Malley, partner at Fameco Real Estate, who represented the retailer in the transaction.

The new Ulta will be located at 1619 Walnut Street, former home of the Westinghouse Broadcasting studio and later CBS affiliate, KYW-TV, where TV classics like “The Mike Douglas Show” were taped. The property was acquired in 2007 by Vesper Property Group, which completed an extensive renovation of the site last year.

“Our location at 1619 Walnut offers tremendous visibility and presence through its two story glass wall storefront, a truly fine and distinctive architectural presentation,” said Dave Rayner, Ulta VP real estate.

Ulta operates 449 stores across 42 states.

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Dunkin’ Donuts announces plans for 29 new restaurants in Houston and Waco, Texas

BY Staff Writer

Canton, Mass. — Dunkin’ Donuts announced the signing of multi-unit store development agreements with four franchise groups to develop 29 new restaurants in Houston and Waco, Texas, over the next several years.

Dunkin’ Donuts’ development throughout Texas is part of the company’s goal to double its number of U.S. restaurants over the next 20 years. Dunkin’ Donuts recently announced a limited partnership agreement with the Jerry Jones Family and Troy Aikman. Under the agreement, the group plans to open at least 50 new Dunkin’ Donuts restaurants throughout the Dallas/Fort Worth region over the next five years.

Additionally, 521 Interests LTD plans to develop 16 more restaurants in Houston by 2018 and nine restaurants are also planned for San Antonio with two other franchise groups. With these announcements, over 100 Dunkin’ Donuts restaurants are planned to open throughout the state over the next several years.

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Carson’s store in Chicago suburb to close

BY Staff Writer

York, Pa. — The Bon-Ton Stores Inc. said that it plans to close its Carson’s store in the River Oaks Mall in Calumet City, Ill., when the lease expires in January.

The department store company said doesn’t expect costs tied to the closing to be material.

Bon Ton received the leasehold interests in the store as part of its Northern Department Store Group acquisition in 2006.

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