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Dunkin Donuts coming to the Millhopper Area of Gainesville

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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
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

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

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

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Katy Figg and Nancy Sumner, Senior Directors of Colliers Northeast Florida, are consistent in providing real results for their clients with their dynamic approach to Landlord representation. Katy and Nancy are the sole retail brokerage team in the region exclusively dedicated to Landlord leasing, supported by a multi-faceted international firm that offers a range of services to benefit their diverse portfolio.

The team’s concentration in this niche provides their clients with invaluable resources and unparalleled expertise.  Their experience extends to engaging across all phases of ground-up, mixed-use retail, and redevelopment projects. Katy and Nancy’s portfolio of 2.5 million square feet consists of grocery anchored and power centers, boutique retail, and mixed use developments. The team has a comprehensive approach to marketing a project, including an in-depth understanding of the trade area and competition, creating a an intentional merchandising plan to deliver the highest and best uses that incentivize cross- shopping between retailers, and developing strategic target list using void analysis, retail marketplace profiles, along with several other Colliers resources.

Katy and Nancy continue to grow their revenue along with their portfolio year over year; in 2021 the team closed 56 deals with a transaction total of over $31m, with over 113,000 square feet leased and over 212 acres sold. Both Nancy and Katy have been active members of ICSC for over 15 years, are consistently named Costar Power Brokers, and have provided their expertise in a number of media articles focused on commercial real estate in North Florida. 


 

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