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Quick Service Restaurant

  • Cogent Group acquires 12 c-stores

    Dallas -- Real estate investment firm The Cogent Group said Thursday it has acquired 12 convenience stores & gas stations in the Charlottesville, Va. market.

    The properties are leased to Charlottesville-based Virginia Oil Co. and feature food partnerships with McDonald’s, Blimpie and Dairy Queen.

    Cogent’s real estate purchase was part of a simultaneous transaction among The Cogent Group, VPS Convenience Store Group and Virginia Oil Co.

  • The Marketplace at Centerra announces new restaurant leases

    Loveland, Colo. — McWhinney Enterprises announced that its Marketplace at Centerra power center in Loveland, Colo., will see the addition of Menchie’s and Buffalo Wild Wings this year.

    Menchie’s is slated to open a new frozen yogurt shop at the end of May, and Buffalo Wild Wings has begun remodeling a former Black Eye Pea restaurant space with an anticipated opening date of August. 

  • Subway to open 2,000 North American locations in 2011

    Milford, Conn. -- Subway Restaurants said Friday that more than 2,000 franchisees are actively searching for locations slated for 2011 openings.

    In order to reach its development goals, the chain said that a contingent of Subway representatives will be manning the brand’s booth at the International Council of Shopping Centers’ RECon convention, May 23 to 25, in Las Vegas.

  • KFC opens eco-friendly restaurant in Indianapolis

    Indianapolis -- KFC is looking to earn LEED (Leadership in Energy and Environmental Design) certification for its newest restaurant in Indianapolis. The building is designed to use 25% less energy and water than a conventional KFC restaurant. It features energy-efficient cooking equipment, LED lighting, locally sourced building materials, recycling for cooking oil and plastics, fixtures designed for lower water use, and parking preference for hybrid vehicles.

  • McDonald’s to open at The Plazas at Spring Green

    Houston -- The Vista Cos. and Vista Spring Green, Ltd. announced that McDonald's USA has signed a 56,000-sq.-ft. ground lease at The Plazas at Spring Green.

    Construction on a new 4,800-sq.-ft. McDonald’s restaurant will begin in the coming weeks and is set to open in November.

    The Plazas at Spring Green, a Vista Equities Group development, is located in Katy, Texas.

  • Dunkin’ Brands files for IPO

    New York City -- Dunkin’ Brands Group, which operates the Dunkin' Donuts and Baskin-Robbins chains, filed to sell at least $400 million of stock in an initial public offering.

    The Canton, Mass.-based company plans to use the proceeds to repay debt and for working capital and general corporate purposes, according to its filing with the Securities and Exchange Commission.

    Dunkin' Brands was taken private in 2005 by a trio of private-equity firms for $2.4 billion in cash.

  • New York Metro McDonald's launches hiring push on April 19

    Roseland, N.J. -- McDonald's New York Tri-State Area and its franchisees said Tuesday they are looking to hire new crew and restaurant management positions in more than 600 restaurant locations throughout the area on April 19.

    The one-day event is part of a nationwide initiative for McDonald's and its franchisees with a target to hire up to 50,000 new employees at restaurants across the country.  

  • New leases signed at Hills Village Center

    Bedminster, N.J. -- North Plainfield, N.J.-based Levin Management Corp. said that Great Clips has opened a 960-sq.-ft. salon, and Hand and Stone Massage and Facial Spa (2,317 sq. ft.) along with eateries Panchero's (2,500 sq. ft.) and Subway (1,240 sq. ft.) will all open shortly at The Hills Village Center, in Bedminster, N.J.

  • McDonald’s and its franchisees to hire up to 50,000 employees in one-day blitz

    Oak Brook, Ill. -- McDonald's Corp. and its franchisees plans to hire as many as 50,000 new U.S. employees -- ranging from restaurant crew to managers -- on April 19. The one-day event will seek to bring in and hire a combination of both full- and part-time positions in close to 14,000 U.S. restaurants nationwide, increasing the company's U.S. work force by 7.7% to 700,000, but such hiring is typical in the lead up to the busy summer months.

  • Potbelly Sandwich to open first New York location

    New York City -- TF Cornerstone said it recently signed a 15-year, 2,800-sq.-ft. lease with Potbelly Sandwich Shop at 2 Gold Street, a 650 unit luxury residential building.

    The location is the chain’s first in New York. Potbelly joins existing tenants Pret-A-Manger, Goodburger and Hot Clay Oven.

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