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Breaking Retail Real Estate News
  • Atlantis Management Group Expands in the Northeast
    (cspdailynews.com - 10/17/2019)
  • Atlantis Management Group LLC has acquired Americana Petroleum Corp. and Major Fuel Carriers Corp. The assets, all located in Suffolk County, N.Y., consist of eight retail gas locations with convenience stores or service bays, a wholesale fuels business and delivery trucks.   (full story)

  • Farmer Boys Returns Home to Perris, Calif. with the Opening of Its Milestone 100th Restaurant
    (restaurantnews.com - 10/17/2019)
  • Farmer Boys, the Southern California-based fast casual concept known for its award-winning burgers and exceptional service, will open doors at 23190 Cajalco Expressway in Perris, Calif. in November. The new location marks a homecoming for the farm fresh burger concept, which opened its original restaurant in Perris in 1981. The Perris restaurant marks the 100th location opened by the growing burger ...   (full story)

  • U.S. Retail Construction Levels Remain Well Below Pre-Recession Levels
    (nreionline.com - 10/17/2019)
  • In terms of the number of retail buildings being built, 2007 saw 18,000 deliveries, CoStar data shows. In 2010, that number dropped below 6,000 deliveries. While the market has seen an uptick in delivered buildings over the past several years, that trend is tapering off for 2018 and 2019 as well. This year, 6,500 new retail buildings are expected to be delivered across the United States.   (full story)

  • CPR Cell Phone Repair Expands Services with the Opening of Two New Stores in Kentucky
    (finance.yahoo.com - 10/17/2019)
  • CPR Cell Phone Repair, the largest and fastest growing retail mobile device repair franchise network in North America, is pleased to announce the opening of a new store in Richmond, KY, and Campbellsville, KY.   (full story)

  • Razzoo’s Cajun Cafe and Tricky Fish to Function as Independent Brands
    (restaurantnews.com - 10/16/2019)
  • Razzoo’s Cajun Cafe® – the spirited casual eatery dedicated to bringing to life all the flavor, fun and festivity of New Orleans and the French Quarter– has announced it has signed a definitive agreement to divest its Tricky Fish restaurant concept.   (full story)

  • Henrico-based Hamilton Beach Brands closing all of its Kitchen Collection stores by year's end
    (richmond.com - 10/16/2019)
  • Henrico County-based Hamilton Beach Brands Holding Co. is closing all 160 of its Kitchen Collection retail stores by the end of this year.   (full story)

  • At Home Group adds five new retail locations
    (furnituretoday.com - 10/16/2019)
  • At Home Group Inc., the home décor superstore, is adding five new stores this month in Florida, Maryland, New Jersey, Washington and Wisconsin. The retailer now operates 213 locations in 39 states with an eventual goal of having more than 600 stores.   (full story)

  • Campbell Oil Acquires The Hartley Co.
    (cspdailynews.com - 10/16/2019)
  • Campbell Oil Co. has acquired The Hartley Co., which directly operates 16 Starfire convenience stores and petroleum marketing locations in Ohio and distributes wholesale fuels to multiple company-owned, dealer-operated sites and open dealers.   (full story)

  • GPM Takes Ownership of 5 C-Stores in Arkansas
    (cspdailynews.com - 10/16/2019)
  • This acquisition marks GPM’s second foray into the state of Arkansas after the E-Z Mart acquisition in late 2017. GPM said it plans to continue to expand in the region as part of its growth strategy. GPM does not plan to rebrand the stores, a company spokesperson told CSP Daily News.   (full story)

  • MOOYAH Burgers, Fries & Shakes Opening in Brentwood with Plans to Add Nine More Restaurants in ...
    (restaurantnews.com - 10/15/2019)
  • The Hill Center Brentwood location will be the first in Middle Tennessee for MOOYAH Burgers, Fries & Shakes, which anticipates a spring 2020 opening in its 2,210 square foot space. There is an existing location in Knoxville, and the company is planning for continued expansion across Tennessee, building out Nashville and Franklin next.   (full story)

  • Tilted Kilt Parent Buys Winghouse
    (restaurantbusinessonline.com - 10/15/2019)
  • The parent of Tilted Kilt and Dick’s Wings & Grill has acquired 24-unit WingHouse Bar & Grill for $18 million from Soaring Wings LLC, a holding of Third Lake Capital. The buyer, Arc Group, indicated in announcing the deal that it plans to operate WingHouse and Dick’s as separate brands.   (full story)

  • Lidl to Open 2nd Wave of Stores on New York’s Long Island
    (progressivegrocer.com - 10/15/2019)
  • Lidl plans to open another four stores on New York's Long Island next year, for a total of eight. East Meadow, Oakdale, Patchogue and Lake Grove have been added to the list of the communities that will get stores, following locations planned for Plainview, West Babylon, Huntington and Center Moriches, all of which are set to open early next year.   (full story)

  • BurgerFi soars onto Air Force bases
    (nrn.com - 10/15/2019)
  • “When the U.S. military calls, you've got to pick up the phone,” said Charlie Guzzetta, chief brand development officer for BurgerFi.   (full story)

  • Schlotzsky’s Austin Eatery Inks 10-Unit Franchise Agreement with Multigenerational Franchise Group
    (restaurantnews.com - 10/15/2019)
  • Schlotzsky’s Austin Eatery®, the Austin-born fast-casual restaurant, home to The Original® oven-baked sandwich and famous Fresh-from-Scratch® buns, announced today the signing of 10 new franchise agreements to grow the brand across the Rio Grande Valley in South Texas – including ...   (full story)

  • Retail Property Taxes Will Rise
    (rebusinessonline.com - 10/15/2019)
  • The rise of e-commerce as a threat to brick-and-mortar retail has forced landlords to increase tenant improvement allowances to keep stores competitive. This is turn is forcing property assessors to adjust their appraisals of retail properties based on higher operating expenses.   (full story)

  • Pinstripes Announces Partnership With Simon Property Group
    (prnewswire.com - 10/14/2019)
  • This is the second strategic partnership Pinstripes has completed in the last six months. In April 2019, Pinstripes completed a similar multi-lease/minority equity investment transaction with Brookfield Properties. Combined, these two partnerships represent six future Pinstripes locations including $15 million in minority equity.   (full story)

  • Ross Stores Completes 2019 Store Growth Plans
    (mytotalretail.com - 10/14/2019)
  • Ross Stores said this week that is has opened 30 new Ross Dress for Less and 12 dd's DISCOUNTS stores across 19 different states in September and October...   (full story)

  • Wawa to open in Cherry Hill, one week after Brooklawn debut
    (thenewsfunnel.com - 10/14/2019)
  • Two more are to open this fall in Bordentown Township and Hammonton, the company says. It's also pursuing projects in Pennsauken, Bridgeton and Chesterfield, Burlington County. Meanwhile, a Royal Farms store will rise at a Stratford redevelopment site that held a groundbreaking ceremony on Saturday. The Maryland-based chain is building stores in Berlin Borough and Sicklerville, among other projects.   (full story)

  • More Sears stores set to close this year
    (consumeraffairs.com - 10/14/2019)
  • Citing sources familiar with the matter, the Wall Street Journal reports that about a quarter of the 425 Sears and Kmart stores purchased by former CEO Eddie Lampert have closed already or are slated to close later this year. Sears said in August when announcing additional store closures that even more closings were possible in the future. The company said it would “continue to evaluate our network of Sears and Kmart stores and cannot rule out additional store closures in the near term.”   (full story)

  • Tractor Supply Co. Surviving And Thriving In Today's Competitive Retail Space
    (seekingalpha.com - 10/13/2019)
  • They have developed a proven method for selecting store sites and have identified approximately 700 additional opportunities for new Tractor Supply stores. They also believe that there is an opportunity for up to 1,000 Petsense stores.   (full story)

  • Tropical Smoothie Cafe Awards 64 Franchise Agreements in Third Quarter
    (retailrestaurantfb.com - 10/12/2019)
  • Year-to-date, Tropical Smoothie Cafe has opened 90 cafes and awarded 179 franchise agreements. Tropical Smoothie Cafe franchisees have signed multi-unit agreements for a number of markets across the country, including Chicago; Tampa, Fla.; Orlando, Fla.; Cleveland, Ohio; and New Haven, Conn.   (full story)

  • Third-Party Delivery Apps Are Hurting Domino's
    (fool.com - 10/11/2019)
  • Domino's opened 214 new stores during the quarter, and though most were in international markets...there were 43 locations opened in its mature U.S. market...   (full story)

  • Rush Bowls Opening Broomfield Location October 15
    (qsrmagazine.com - 10/11/2019)
  • “We are very excited to see the Marshalls and Vejnars continue our expansion throughout Colorado,” adds Pudalov. “We are incredibly proud of Rush Bowls’ growth, and we are excited to build upon our foundation in our home state.” The local expansion comes at a time when Rush Bowls continues to rapidly expand its national footprint. Today, there are locations operating in 13 states and more than 120 additional Rush Bowls’ in various stages of development across 20 states.   (full story)

  • New Cajun Seafood Restaurant Opens In Orange
    (patch.com - 10/11/2019)
  • Founded in 2013 in Lanham, Maryland, Hook & Reel is a "casual family"-style restaurant that is adding new locations not only in Connecticut but also in Massachusetts, New Jersey, New York, Florida, Pennsylvania and around the country.   (full story)

  • Kimbrell’s opens largest store
    (furnituretoday.com - 10/11/2019)
  • Kimbrell’s has opened its largest store here, the first of three new-format showrooms coming to eastern North Carolina. The 45,000-square-foot store at 1370 Western Boulevard is one of three former Toy R Us buildings the Charlotte, N.C.-based Top 100 company acquired earlier this year for this new round of expansion.   (full story)

  • Schnucks to shut three St. Louis-area locations
    (supermarketnews.com - 10/11/2019)
  • Next month, Schnuck Markets plans to close three underperforming stores in metropolitan St. Louis. The regional grocer said Friday that its stores in St. Peters (100 Jungermann Road) and O’Fallon (1421 Mexico Loop Road East), Mo., and Edwardsville (2122 Troy Road), Ill., are scheduled to be shut on Sunday, Nov. 10.   (full story)

  • Pep Boys Opens New Tire, Service Centers in California, New York, Georgia
    (tirereview.com - 10/11/2019)
  • Pep Boys has opened new service and tire centers in Astoria, New York; Lawndale and Rocklin, California; and LaGrange, Georgia, as part of its continued expansion.   (full story)

  • Scooter's Coffee Agrees To Acquire 8-Unit Chain
    (restaurantbusinessonline.com - 10/11/2019)
  • Scooter’s Coffee, which is also based in Omaha, was founded in 1998, and operates more than 230 locations in 15 states. “As Scooter’s Coffee continues to expand, we look for great opportunities to bring in brands that are the quality of Crane Coffee,” COO Mike Rogers said in a statement.   (full story)

  • Cracker Barrel buys Maple Street Biscuit Company for $36M
    (restaurantdive.com - 10/11/2019)
  • Cracker Barrel bought Maple Street Biscuit Company in an all-cash transaction for $36 million on Friday, according to a company release. The chain has a footprint of 28 corporate-owned and five franchised fast casual restaurants in seven states.   (full story)

  • Hudson Group Signs Deal to Acquire 34 Brookstone Stores in U.S. Airports
    (yahoo.com - 10/11/2019)
  • The deal will cover 34 airport stores in total. Brookstone has 30 stores across the country in airports and four more are scheduled to open as Brookstone stores in San Francisco, Philadelphia and two in Atlanta. Thirty-three of the stores are in airports where Hudson has existing operations.   (full story)

  • Love's hits 500 stores with travel stop openings in Mich., Ohio
    (tirebusiness.com - 10/11/2019)
  • Love's Travel Stops & Country Stores opened travel stops in in Edon, Ohio, and St. Clair, Mich., in recent weeks, expanding its network of stores to 500 in 41 states.   (full story)

  • Equinox's budget-friendly gym chain muscling into Houston's fitness scene
    (bizjournals.com - 10/10/2019)
  • Blink Fitness, a budget fitness chain owned by Equinox, is coming to Houston. Permits filed with ...   (full story)

  • McAlister's Deli Enters into One of the Largest Development Deals in Company History
    (delimarketnews.com - 10/9/2019)
  • As part of the deal, McAlister’s Deli will expand in Florida, Louisiana, and Texas by developing 47 restaurants over the course of the next seven years—which builds on its existing plan to aggressively expand into new markets and team up with new operators.   (full story)

  • Treats Unleashed Acquires Five St. Louis, Kansas City Bentley’s Pet Stuff Retail Stores
    (petage.com - 10/9/2019)
  • Over the coming months, the five new Treats Unleashed locations will be remodeled to refresh the storefront and will offer a wide array of products catering to both dogs and cats, including a new pet bakery, self-wash stations and grooming. The bakeries are expected to be up and running by the end of this year, while grooming and self-wash renovations will take place in 2020.   (full story)

  • Using Grandma’s Recipes, Authentic Greek Bakery Expands Rapidly Through Franchising
    (restaurantnews.com - 10/9/2019)
  • In 2017, entrepreneur Georgios Drosos opened GFG Bakery-Café in Hoboken, New Jersey, to long lines and delighted customers. Five other locations soon followed ... With 30 GFG Bakery-Café franchise locations already slated to open within the next ...   (full story)

  • Jaylon Smith Opening Two Signature iCRYO Cryotherapy Locations in Indiana and Texas
    (franchising.com - 10/9/2019)
  • The location opening in Fort Wayne, IN is also scheduled to open in March 2020. These two locations mark the first two of four that Smith will be opening, with future locations to come in Indianapolis, IN and Grapevine, TX.   (full story)

  • Captain D's Ignites Growth in Illinois with Signing of New Franchise Development Agreements
    (prnewswire.com - 10/9/2019)
  • Captain D's, the nation's leading fast casual seafood restaurant, announced today the signing of two new franchise development agreements that will grow its brand footprint in Illinois, specifically in the Chicago metro area and Champaign. The brand currently has six locations throughout the state, and Illinois remains part of Captain D's greater expansion plans for the Midwest ...   (full story)

  • Potbelly Sandwich Shop Inks Multi-Unit Development Deal to Open Restaurants in Macy’s Stores
    (franchising.com - 10/9/2019)
  • Potbelly Sandwich Shop (Potbelly), the iconic neighborhood sandwich shop, announced today that it has signed a multi-unit franchise agreement to open shops in Macy’s department stores, adding to the fast casual brand’s significant multi-unit franchise growth in 2019.   (full story)

  • Checkers restaurants to reopen in Las Vegas as Rally’s
    (reviewjournal.com - 10/9/2019)
  • Fast-food chain Checkers is returning to Las Vegas — sort of — roughly six months after abruptly closing all of its locations. The restaurant, at 4175 E. Desert Inn Road, will reopen as Rally’s next Thursday. Plans are underway to open ... nearly 20 locations in Southern Nevada in five years.   (full story)

  • Cousins Subs Tweaks for Non-Traditional Locations
    (franchisetimes.com - 10/9/2019)
  • Wisconsin-based sub shop Cousins Subs has made it its mission to push for non-traditional locations in the last quarter of the year before 2020. The sub shop began that effort by opening its first-ever airport location at ...   (full story)

  • CARSTAR reaches 700 shops with L.A.-area additions; sees boom in Calif. locations ahead
    (repairerdrivennews.com - 10/9/2019)
  • CARSTAR on Wednesday celebrated reaching 700 shops at California’s CARSTAR Montrose and described the potential for significant future expansion within the Golden State.   (full story)

  • JackRabbit, a Portfolio Company of CriticalPoint Capital, Announces Acquisition of Olympia Sports
    (finance.yahoo.com - 10/9/2019)
  • "This acquisition continues JackRabbit's expansion and commitment to providing the most complete, high-performance product offerings, services, and experiences to the active lifestyle fan across all markets and channels. Additionally, we will continue to operate the acquired stores under the Olympia Sports banner."   (full story)

  • Indochino Celebrates Milestone 50th Showroom in Washington, DC
    (prnewswire.com - 10/9/2019)
  • INDOCHINO, the global leader in custom apparel, has opened its 50th showroom in Washington, DC. The digitally native retailer is on a mission to bring affordable custom clothing to men across North America through widespread retail expansion, and further showrooms are slated to open in Cleveland, OH on October 18th and New Orleans, LA on November 8th.   (full story)

  • Fitness Centers Continue to Rise
    (designretailonline.com - 10/9/2019)
  • The report examined more than 6,000 fitness center move-ins in retail real estate since the beginning of 2013. New data reveals that health movements have impacted the number of fitness center openings, which has increased 23.5 percent since 2010. Currently encompassing 11,055 locations, fitness center locations are poised to expand to a fleet of 120,700 outposts by 2024, or at a rate of 8.7 percent.   (full story)

  • Yesway Enters into Definitive Agreement to Acquire Allsup's Convenience Stores
    (prnewswire.com - 10/8/2019)
  • Allsup's, a nationally-renowned convenience retailer with a portfolio of more than 300 stores across Texas, New Mexico, and Oklahoma that has been serving as a cornerstone in each of its local communities for over 60 years, will be acquired by Yesway, which is currently one of the fastest growing convenience store chains in the United States.   (full story)

  • RockBox Fitness Swings New Five-Studio Deal In Carolinas
    (franchising.com - 10/8/2019)
  • When two titans of franchising and finance decide to work together on a deal, that can only mean good things for business. Former AdvantaClean founder & CEO Jeff Dudan and his brother, former Carolina Panthers Chief Financial Officer Mike Dudan have signed a development deal for five RockBox Fitness studios throughout North and South Carolina.   (full story)

  • Nashville is next in Bubbakoo Burrito’s Nationwide Expansion
    (franchising.com - 10/8/2019)
  • With over 30 locations open in New Jersey, Philadelphia, and Georgia, Bubbakoo’s Burritos is continuing to grow and reach new markets – this time in the Mt. Juliet and Nashville area   (full story)

  • MOD Pizza Announces Expansion Into Canada
    (finance.yahoo.com - 10/8/2019)
  • MOD Super Fast Pizza Holdings, LLC today announced plans to expand its purpose-led fast casual brand into Canada. The development agreement for Canada was signed with V.I. Pizza Inc., led by ... to bring five MOD locations to the island over the next several years.   (full story)

  • uBreakiFix Opens 26 New Stores in Q3, Joins the Asurion Family
    (finance.yahoo.com - 10/7/2019)
  • Leading tech repair franchise uBreakiFix announced 26 new store openings during the third quarter of 2019, bringing the brand’s total footprint to 545 stores across North America...   (full story)

  • Twin Peaks to Bring Renowned Sports Viewing Experience to Lubbock
    (restaurantnews.com - 10/7/2019)
  • ... the group has owned and operated more than 40 bars and nightclubs throughout the southwest and ... The group also recently executed a second area development agreement to bring three Twin Peaks locations to the Nashville area.   (full story)






     

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