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Fri, Sep 10, 2010

OS Real Estate Group Brings Popeye's to New London


Timothy Londregan of Old Lyme negotiated the sale of the former Tim Horton's property on Coleman Street in New London to Popeye's through his commercial real estate company.

Londregan Commercial Real Estate Group has completed a lease in New London Connecticut to Popeye’s Louisiana Kitchen.  Timothy Londregan (pictured left) of Londregan Commercial Real Estate Group was the sole broker in the transaction.  Londregan resides in Old Lyme.
 
The new Popeye’s is centrally located on busy Colman Street and is surrounded by dozens of national automotive retailers and many of the other major quick service restaurant chain in the industry.  The new Popeye’s is the former location of Bess Eaton Donuts, which was most recently succeeded by Tim Horton’s.
 
The "soft opening" of the New London Popeye’s restaurant took place on Sunday, Dec. 20.  A heavy snow storm blanketed the state the night before, but that didn’t keep friends and family away.  Invited guests sampled the unique chicken recipes and experienced Popeye’s trademark customer service.  The following day, Popeye’s was open to the general public and despite more frigid weather, the restaurant staff served a record number of customers. The new store continues to operate at a level significantly above all expectations.
 
Popeye’s originated in Louisiana in 1972 and today is the second-largest “quick-service chicken restaurant group, measured by number of units,” with more than 1,800 restaurants in more than 40 states in the U.S., the District of Columbia, Puerto Rico and twenty foreign countries.

Ray Lauletti, Director of Development for Popeye’s, commented on his experience with Londregan Commercial Real Estate Group, sayiong it was a, “Really outstanding performance on your part from start to finish.”  Popeye’s is committed to continued expansion in Connecticut and Western Massachusetts and Londregan has several new locations around the two states in various stages of the site selection process for Popeye’s.
 
Londregan Commercial Real Estate Group is a full-service brokerage firm located in Old Saybrook, Connecticut, specializing in the retail and restaurant site selection process. Londregan Commercial is highly sought after for its marketing and closing abilities in all areas of commercial real estate, retail, restaurant and hospitality properties land, and investment properties of all types.
 

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