Dunkin Donuts to backfill former bank location
Gainesville, Fla, April 2, 2021 – Do you have a morning coffee, breakfast sandwich, or donut that you can't live without? We’re excited to announce that Dunkin’ Donuts, America’s favorite coffee, has come to terms to lease the former BBVA Compass Bank location on 43rd street at Regency Center’s Millhopper Shopping Center. The Regency Centers owned property is equipped with a drive thru, allowing for a Quick Service Restaurant (QSR) to take over the space. “There has been a spree of QSR’s opening locations at former bank branches due to their convenient locations, easy access, and the rise in popularity of mobile banking” says Jason Hurst, Director with Colliers’ Gainesville office. Dunkin' Donuts, in particular is looking to expand due to the the increase in convenience shopping and the rise in opportunities created from CoVid-related closures.
If Gainesville truly had a financial district the Millhopper area would be the heart of it. The office community is the key driver in this sector, but retail plays a significant role as well. The Millhopper Shopping Center is 83,121 SF with a daytime population of 135,541 residents and average daily traffic count of 27,037 cars that travel past the center. Its retailers including Publix, Petsmart, Orange Theory, and more. The project reflects the lifestyle needs and culture of the neighborhoods that surround it and Dunkin Donuts will be a welcome addition to the community. Regency Centers is one of the country's leading property owner/operators. Millhopper Shopping Center and Newberry Square are the two shopping centers owned and managed by Regency Centers in the Gainesville market. Nancy Sumner, Katy Figg, and Lauren Edwards of Colliers represented the Landlord in this transaction.
For further information, please contact:
Jason Hurst, MBA
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.