Dunkin’ Donuts to open at CTA Purple Line Central St. station

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.

 

 

In March 2011, the CTA amended its purchase and sales regulations to allow its real estate consultant, Jones Lang LaSalle, to broker leases of available CTA retail concession properties on the open market rather than soliciting request for proposals from potential tenants.