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ColoradoCompany newsDevelopmentIndianaLeasingMissouriNevadaNewsTexas

Chicken N Pickle to Open Seven New Locations 

by Hayden Spiess

Kansas City, Mo. — Kansas City-based Chicken N Pickle has announced plans to open seven new locations by the first quarter of 2025. Plans include locations in St. Charles, Missouri; Allen, Texas; Fishers, Indiana; Henderson, Nevada; Webster, Texas; Thornton, Colorado; and Parker, Colorado. Chicken N Pickle outposts typically comprise 32,000 square feet and feature a restaurant, sports bar, pickleball courts and yard games. The new openings will nearly double the brand’s footprint, which currently includes eight locations. 

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Company newsNewsOhioRestaurants

Wendy’s to Open 200 New Restaurants

by Hayden Spiess

Dublin, Ohio — The Wendy’s Co. has announced plans to open more than 200 new restaurants through 2024. The new restaurants will feature the brand’s Global Next Gen design, which features a dual-sided kitchen, self-order kiosks and a dedicated delivery pick-up window and parking spaces. “The Global Next Gen future-forward design unlocks 400 times the capacity for digital orders, accelerating the system’s digital growth,” says Abigail Pringle, president of international and chief development officer with the company. 

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Company newsHawaiiNews

PRCP Launches #ExtendAloha Campaign to Benefit Maui 

by Hayden Spiess

Lahaina, Hawaii — Pacific Retail Capital Partners (PRCP) has launched an effort to raise funds and awareness for those affected by the recent wildfires in Lahaina on the island of Maui. Dubbed #ExtendAloha, the campaign encourages donations to the DTL Foundation’s dedicated Maui Fire Relief Fund. PRCP manages Queen Ka’ahumanu Center on the island and has agreed to match the first $10,000 raised. Donations can be made at dtlfoundation.org/mauifire.

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ALDI
Company newsFloridaIllinoisNews

Aldi to Acquire Winn-Dixie, Harveys Supermarket from Southeastern Grocers

by Hayden Spiess

Batavia, Ill. and Jacksonville, Fla. — German discount grocer Aldi has entered into a definitive agreement to acquire Winn-Dixie and Harveys Supermarket as part of a larger divestiture of Jacksonville-based parent company Southeastern Grocers to various entities. Financial terms of the transaction were not disclosed. The Southeast-focused acquisition includes approximately 400 Winn-Dixie and Harveys locations across Alabama, Florida, Georgia, Louisiana and Mississippi. Aldi, which maintains its U.S. headquarters in Batavia, Illinois, first established its presence in the Southeast in the mid-1990s and has since invested $2.5 billion in the region. Most …

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Company newsNew YorkNews

Coach Owner to Acquire Parent Company of Michael Kors, Versace for $8.5 Billion 

by Hayden Spiess

New York City — Tapestry (NYSE: TPR), owner of fashion brands Coach, Kate Spade and Stuart Weitzman, has agreed to acquire luxury fashion group Capri Holdings Limited (NYSE: CPRI) for $8.5 billion. Both companies are based in New York City. Capri Holdings consists of Versace, Jimmy Choo and Michael Kors. The group spans a retail footprint of over 1,200 stores globally, including 223 Versace locations, 237 Jimmy Choo stores and 812 Michael Kors locations.  The all-cash transaction, which was unanimously approved by the board of directors at both Tapestry and Capri …

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Company newsLeasingNew JerseyNews

Spirit Halloween to Open 1,500 Stores in 2023

by Hayden Spiess

Egg Harbor Township, N.J. — New Jersey-based Spirit Halloween has announced that it will open more than 1,500 seasonal stores throughout the U.S. this year. Stores typically occupy between 5,000 and 50,000 square feet and remain open eight to ten weeks. The company plans to hire 40,000 associates to staff the locations. 

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Company newsGeorgiaNewsWashington DC

The Shopping Center Group Acquires Rosenthal Properties

by Hayden Spiess

Atlanta —The Shopping Center Group (TSCG) has acquired Rosenthal Properties. Founded in 1999, Rosenthal Properties includes 65 people overseeing more than 100 commercial properties and manages more than 7 million square feet of retail space. “We’ve grown our company strategically through a combination of organic growth and acquisition of market leading firms in territories that complement our existing strengths…and we’re thrilled to have the Rosenthal team join us.” TSCG now operates more than 21 regional offices with more than 300 associates. 

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Company newsDevelopmentNevadaNewsRestaurants

Bojangles Signs Development Agreement for 20 Restaurants in Las Vegas

by Hayden Spiess

Las Vegas —Bojangles has signed a development agreement for 20 new restaurants in Las Vegas, as well restaurants within 10 TravelCenters of America franchise locations. TravelCenters of America franchisee LVP Restaurant Group LLC, an entity of LV Petroleum, and its investment partner, Kingsbarn Realty Capital, will lead the projects. In partnership with LVP Restaurant Group, Kingsbarn will identify and acquire properties suitable for the new Bojangles developments. In July, Bojangles launched its expansion strategy, including a streamlined menu, new building design and new staffing model. 

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Company newsDevelopmentGeorgiaLeasingNew YorkNewsRestaurants

Chick-fil-A to Test Two New Restaurant Concepts in Metro Atlanta, New York City 

by Hayden Spiess

Atlanta and New York City — Chick-fil-A has announced plans for two new restaurant concepts. Beginning in 2024, the brand will open an elevated drive-thru concept in metro Atlanta as well as a walk-up restaurant in New York City. Both concepts are designed to enhance efficiency and convenience, with plans for the drive-thru restaurant including a kitchen built above the drive-thru lanes and dedicated lanes for mobile orders. Targeted toward urban areas with heavy foot traffic, the walk-up concept will allow guests to order through the Chick-fil-A app and pick up …

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Company newsLeasingNewsTexas

JCPenney Reopens 320,000-Square-Foot Office Campus in Texas

by Hayden Spiess

Plano, Texas — JCPenney has reopened its 320,000-square-foot corporate office at The Campus at Legacy West (CALWest) in Plano, welcoming back some 2,000 associates in the process. The department store chain originally opened in CALWest campus in 1992 when it relocated to Texas from New York City, but the offices were largely shuttered after the company filed for Chapter 11 bankruptcy protection during the early days of the COVID-19 pandemic. The office now features an open floor plan to encourage collaboration among employees, who will also have access to amenities such …

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