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Foodservice

  • Pantry CEO steps down

    Cary, N.C. -- The Pantry said Monday that CEO Terrance M. Marks plans to resign within two months.

    In a statement, Marks said that his decision was driven by personal reasons, and that he had accepted "an opportunity that will enable me to return to my home and family in Atlanta."

  • Regency Centers purchases Rockridge Center for $20.5 million

    Jacksonville, Fla. -- Regency Centers said Monday it has acquired Rockridge Center, a 125,213-sq.-ft. grocery-anchored neighborhood center in Plymouth, Minn.

    The property was purchased in an off-market transaction for $20.5 million from private real estate development company Hempel Properties.

    This is the second grocery-anchored shopping center acquisition by Regency within 45 days.

  • Two new leases signed at Hyde Park Plaza

    Cincinnati -- Jacksonville, Fla.-based Regency Centers said it has leased retail space to two tenants at Hyde Park Plaza, located in Cincinnati.
     
    Primary healthcare clinic Doctors Express has leased 3,474 sq. ft. and Orange Leaf Frozen Yogurt has leased 2,406 sq. ft., bringing the center to 96% leased.

    Both tenants are slated to open this fall.
     
    The 396,861-sq.-ft. shopping center is anchored by Kroger and Biggs, alongside national retailers such as Michaels, Massage Envy, Panera Bread, Starbucks and Staples.

  • Carl’s Jr. expands in Texas

    Dallas -- Venture Commercial Real Estate announced the completion of several transactions that will bring new Carl’s Jr. restaurants to Garland, Balch Springs, Lufkin, and Beaumont, Texas, by the end of the year.

    With the addition of these four locations owned and operated by RWJP Star Enterprises, the total number of Carl’s Jr. restaurants in Texas will be 48.

  • Fresh & Easy expands gourmet range

    EL SEGUNDO, Calif. — Fresh & Easy is adding a dozen dishes to its gourmet line.

    The line of restaurant-quality products, launched in February, now will include 12 new items, including pizza, Hawaiian pork and more, in addition to "Gourmet for Two" meals, which provide customers with a restaurant-quality meal for two for under $10.

  • Westwood Financial acquires McCrimmon Corners

    Los Angeles — Westwood Financial Corp. said Monday it has purchased McCrimmon Corners shopping center, located in Morrisville, N.C.

    The 86,267-sq.-ft. grocery-anchored center, sold to Westwood by Crosland, currently is 99% leased. Anchor tenant Harris Teeter is joined by Tossed Salads, Taekwondo Academy, Nikos Taverna, Saffron Indian Food Restaurant, Two Guys Grille, Subway, AT&T, Great Clips, State Farm and Red Dragon.

  • Two new leases signed at Ashburn Farm Market Center

    Ashburn, Va. — Jacksonville, Fla.-based Regency Centers said Mathnasium and Zinga Frozen Yogurt have leased space at Ashburn Farm Market Center, located in Ashburn, Va.

    Mathnasium has leased 1,529 sq. ft. and Zinga has leased 2,264 sq. ft. Both businesses are slated to open in September, bringing the center to 100% leased.

    The 91,900-sq.-ft. shopping center is anchored by a 49,000-sq.-ft. Giant, alongside national retailers, such as Starbucks, Subway, Domino’s Pizza and Supercuts.

  • Subway opens 8,000th non-traditional location

    Milford, Conn. — The Subway restaurant chain announced that a franchisee in Toledo, Ohio, has opened the brand's 8,000th non-traditional location— in a two million-sq.-ft. automobile assembly facility that produces Jeep and Chrysler vehicles.

  • 7-Eleven remodels 1,000-plus stores in four months

    Dallas -- 7-Eleven has completed upgrades in more than 1,000 of its stores in the greater New York City, Northern and Central New Jersey, Baltimore and Washington, D.C., areas. The company also is considering store-remodel programs in other parts of the United States.

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