Submitted by David Staub on Fri, 07/29/2011 - 23:24
The Chicago Transit Authority has approved a lease with 2nd Gen. Inc to operate a Dunkin’ Donuts store at the Central station on the Purple Line. The company, owned by Chetan Jani, was also awarded a lease for another Dunkin’ Donuts store at the Ashland station on the Orange Line.
Each lease agreement is for ten years and is expected to generate a combined $288,165 over the life of the contracts.
The CTA says that the rents for the concession spaces are in line with market value for similar properties in each respective area.
