Dunkin Donuts coming to the Millhopper Area of Gainesville

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 43^rd 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
Jason.hurst@colliers.com
352-256-6714

About Colliers

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.

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Jason Hurst

Director

Gainesville

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Call Mobile 3522566714

Jason Hurst is a Chicagoland native who graduated Magna Cum Laude in 2005 with a Masters of Business Administration from the School of Business & Industry at Florida A&M University with a concentration in Finance. He has 7 years of successful experience with a variety of Fortune 100 companies such as Pfizer, Inc., JP Morgan, and State Farm Insurance. Jason began his career as a Private Wealth analyst in Manhattan with JP Morgan Private Bank and has endeavored into both finance and sales during his corporate career. Jason also has experience as a savvy entrepreneur as he has run three successful businesses across various industries throughout the State of Florida. Jason served for six years as a Director and Senior Vice President at Avison Young as a leading Agency Leasing broker for the Florida Retail Team. Jason had the pleasure of representing institutional clients such as Kimco Properties, Regency Centers, Site Centers, Washington Prime and several private shopping center owners throughout the state of Florida. Personally, Jason serves on the City of Gainesville Plan Board and as an active member of ICSC and ULI North Florida Chapter, and a member of Alpha Phi Alpha Fraternity, Inc.

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Nancy Sumner

Senior Director

Jacksonville

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I most recently served as a North Florida market Partner and Senior Leasing Advisor for The Shopping Center Group, where I managed 40 properties totaling more than 7.5 million square feet of retail space. I have over 12 years’ experience in landlord representation and lease negotiations in retail services to grow Colliers International
Northeast Florida’s landlord services. I specialize in neighborhood shopping centers, ground-up, mix-use retail, grocery-anchored and redevelopment projects through a meticulous understanding of the surrounding trade areas giving landlords analysis of the voids within the submarket to attract new retailers.

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Katy Figg

Senior Director

Jacksonville

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Prior to joining Colliers International Northeast Florida, I was a Director for Franklin Street Retail Services. In that role, I helped oversee a portfolio of more than 3.1 million square feet for national and regional clients. I also specialized in Tenant Representation; retailers represented include Dollar Tree, Brixx Pizza, Scout & Molly, Grabbagreen, Honeybaked Ham, Cato Fashions, Pure Barre, Save A Lot, Tijuana Flats, Great Clips, Smoothie King, Hurricane Grill & Wings, Newks Express Cafe, Jimmy Johns Gourmet Sandwiches, Hibbett Sporting Goods, Panda Express, Retro Fitness & Phenix Salon among others. I am a former International Council of Shopping Centers Jacksonville Next Generation program Chair, and have now assumed the role of State Chair for the Next Gen program for 2018/19.

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