Click here to view with images.
To ensure delivery to your inbox, please add ian.schroeder@cbre.com to your address book.
 
CBRE's net lease property group newport | oct 3, 2021
Retail Roundup
CBRE
PAPA JOHN'S ANNOUNCES BRAND'S LARGEST DOMESTIC DEVELOPMENT DEAL EVER

Papa John’s International, Inc. (NASDAQ: PZZA) today announced it has signed its largest domestic franchisee development agreement in the company’s history with top U.S. franchisee operator Sun Holdings, Inc. Under the terms of the deal, Sun Holdings will oversee the opening of 100 new stores in high-growth markets across Texas by 2029.

    
DOLLAR GENERAL EXPANDING TO ITS 47TH STATE

Dollar General is increasing its presence in the Pacific Northwest. The discounter has started construction of a store in Athol, Idaho, with a scheduled opening by spring 2022. The location will mark Dollar General’s entry in its 47th state. (In addition to Idaho, the company currently does not have stores in Alaska, Hawaii and Montana.)

    
CULT-FAVORITE PORTILLO'S OFFICIALLY FILES FOR IPO

Portillo's officially filed its IPO Monday, taking one step closer to trading on the stock market. The chain, based in Chicago, has yet to announce the number of shares to be offered and the price range for the proposed offering. Portillo's reported in its SEC filing that it owned and operated 67 stores across nine states as of June 27.

    
PRIMROSE SCHOOLS CONTINUES NATIONAL EXPANSION AS CHILD CARE NEEDS SURGE

Primrose Schools, a high-quality early education and care leader with more than 450 schools operating in 32 states, had significant growth and achievements during the first half of the year. With the need for child care soaring, the company began expansions in two new states, while experiencing a 418% increase in inquiries from individuals seeking to become Primrose franchise owners from June 2020 to June 2021. 

    
IHOP OPENS FIRST FAST-CASUAL FLIP'D RESTAURANT

Dine Brands Global Inc.’s IHOP division has opened its first Flip’d by IHOP restaurant in Lawrence, Kan. Glendale, Calif.-based Dine Brands first announced Flip’d two years ago and various locations for the first unit. The next location will in in New York City. Flip’d by IHOP differs from the traditional IHOP sit-down experience, a spokesperson said. 

    
AS IT OPENS MORE BRICK-AND-MORTAR STORES, ROSS HIRES NEW CFO

"Adam is a talented senior executive who brings numerous years of financial leadership and a broad operational background to his new position," CEO Barbara Rentler said. "We are confident that his proven financial management experience, business acumen, and deep understanding of the retail industry will be valuable assets."

    
For more information, please contact:
Ian
Schroeder
Senior Vice President
+1 949 345 0970
ian.schroeder@cbre.com
Lic. 01497897
Melissa
Ley
Vice President
+1 949 725 8617
melissa.ley@cbre.com
Lic. 01984445
Matt
Burns
Associate
+1 714 900 0449
matt.burns1@cbre.com
Lic. 02114547
David
McNevin
Associate
+1 949 725 8463
david.mcnevin@cbre.com
Lic. 02101634
Allison
McDuffie
Director of Operations
+1 949 725 8502
allison.mcduffie@cbre.com
Lic. 01962031
Kyra
Graham
Client Services Specialist
+1 949 725 8477
kyra.graham@cbre.com
Lic. 02007562
CBRE
Unsubscribe

 You may also unsubscribe by calling toll-free +1 877 CBRE 330 (+1 877 227 3330).

Please consider the environment before printing this email.

CBRE respects your privacy. A copy of our Privacy Policy is available online. For California Residents, our California Privacy Notice is available here. If you have questions or concerns about our compliance with this policy, please email PrivacyAdministrator@cbre.com or write to Attn: Marketing Department, Privacy Administrator, CBRE, 200 Park Ave. 19-22 Floors, New York, NY 10166.

Address: 3501 Jamboree Road Suite 100, Newport Beach CA 92660

THIS IS A MARKETING COMMUNICATION

© 2025 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk.

CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE.

Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.

 
All of CBRE's COVID-19 related materials have been developed with information from the World Health Organization, the Centers for Disease Control & Prevention (and similar global organizations), public health experts, industrial hygienists, and global subject matter experts across CBRE and our strategic suppliers. Our materials may not be suitable for application to all facilities or situations.

Ultimately, occupiers and landlords must make and implement their own reopening decisions for their individual stakeholders and facilities. CBRE's guidance is intended to help facilitate those discussions and expedite the implementation of those decisions once made by the client. We make no representations or warranties regarding the accuracy or completeness of these materials. CBRE cannot ensure safety and disclaims all liability arising from use of these materials.