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Boston & New England  + Metro Boston  + Retail  | 

Joyal Capital Divests from 14-Store Dunkin’ Portfolio in Metro Boston

A subsidiary of Joyal Capital Management has divested from a portfolio of 14 Dunkin’ retail locations in metro Boston. The transaction was valued at $44 million.

Northern Management Group, a franchisor of hotel, convenience store and restaurant concepts that operates more than 100 properties in the Northeast, acquired the portfolio. In an unrelated transaction, Joyal Capital also recently closed on the sale of 61 Dunkin’ stores in Southeast Florida to an undisclosed buyer.

“For some time, our company wanted to acquire new assets located in New England, specifically in the Dunkin’ brand, but finding opportunities was difficult,” said Jigar Patel, partner at Northern Management Group.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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