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Phillips Edison-Arc acquires Salinas, Calif., center
Cincinnati -- Phillips Edison-ARC Shopping Center REIT Inc. has acquired Boronda Plaza in Salinas, Calif. Food 4 Less, a subsidiary of Kroger, anchors the 93,071-sq.-ft. shopping center, which is 98% occupied.
When combined with the Food 4 Less lease, 68% of the rents for the center derive from national tenants. More information at Phillipsedison-arc.com.
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Dunkin’ Donuts opens 500th NYC restaurant
New York -- The largest national retailer in New York City by store count, Dunkin’ Donuts has just inched further ahead with the opening of its 500th city location, a co-branded restaurant with Baskin-Robbins.
Located in Times Square, the restaurant features new Dunkin’ Donuts’ and Baskin-Robbins’ design concepts such as digital menu displays, updated furniture and lighting, electrical outlets, bar top areas for smartphones and computers and free Wi-Fi Internet access.