Hospitality

Salt Lake City -- PECO Net Lease Income Fund (NLIF) has acquired four properties including two Family Dollar stores in New Mexico and two Raising Cane's restaurants, including one in Lexington, Ky., and one in Mt. Pleasant, S.C.

Los Angeles — Mack Urban Real Estate Group and AECOM Capital have acquired six acres in the Los Angeles central business district. The $80 million transaction is the largest land acquisition in the CBD since before the recession. The seller was EVOQ Properties.

The acquisition is part of a Mack Urban and AECOM plan to build a portfolio of class A, institutional quality multifamily developments in West Coast gateway cities.

Canton, Mass. — As part of Dunkin’ Donuts’ development strategy to increase its international presence, the company has announced plans to develop restaurants in Turkey. The company is seeking large well-capitalized groups with operating experience capable of building out region with a minimum of 20 to 25 restaurants. The schedule calls for the first restaurants to open in early 2015. The goal is to develop more than 100 restaurants over the next 10 years.

Earlier this year, quick-serve behemoth Dunkin’ Brands, which operates 10,500 Dunkin’ Donuts in 31 countries and 7,000 Baskin Robbins in 50 countries, announced its first new store design in seven years.

New York -- Urban Outfitters has purchased 6.5 acres in the Philadelphia suburb of Devon, Pa., on which is plans to build a lifestyle shopping village concept, according to Racked Philly.

The report said that the retailer plans to build a Terrain garden center, an Anthropologie, a boutique hotel, two restaurants, and a specialty foods market, along with such other  possibilities as a health/spa facility.

New York — Sam’s Club will open two new clubs on Oct. 3. One is located in Romeoville, Ill. Romeoville Mayor John Noak, Chicago Bears cornerback Tim Jennings and former Bears tight end Desmond Clark, will attend the grand opening.

The second new Sam’s Club is located in Edmond, Okla. Edmond Mayor Charles Lamb, Oklahoma quarterback Jason White and former Sooner running back Billy Sims will attend the grand opening.

Canton, Mass. – Dunkin’ Donuts plans to develop three new restaurants throughout northern Colorado, in the surrounding areas of Fort Collins, Loveland, Greeley, Windsor, and Estes Park. The first restaurant is expected to open in 2015 and the remainder by 2017.

New franchisees Doug Patterson and Cameron Stapleton signed a multi-unit development agreement. Stapleton will manage and oversee the company's daily operations for each restaurant. Franchise opportunities in the state are still available in Colorado Springs.

New York — Just Salad has leased a 1,434 sq. ft. ground floor space at 325 Hudson Street, a 10-store, 240,000-sq.-ft. building in the heart of New York City’s Hudson Square.

New Street Realty Advisors represented Just Salad in lease negotiations with landlord Jamestown Properties.