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News release

BALTIMORE, MD

Anne Arundel County Gets Sweet Treat with First Krispy Kreme Stores in a Decade

JLL retail specialists working with local restaurateur on roll-out 20 Krispy Kreme stores across Washington Baltimore region


BALTIMORE, Nov. 10, 2015 — Krispy Kreme, the global retailer of premium-quality sweet treats, has returned to Anne Arundel County with the opening of a 3,731-square-foot store at Route 3 and Davidsonville Rd in Gambrills, MD at EDENS Crofton Station Shopping Center.

Greg Ferrante, Senior Vice President and Arris Noble in JLL’s Americas Retail Group, have been working with Monument Restaurants VII (RM), LLC to scout premium locations and expand the Krispy Kreme franchise model throughout the Baltimore-Washington region. A division of franchise operator Monument Restaurants, Monument Restaurants VII, LLC signed an agreement to develop 20 new Krispy Kreme shops in Maryland, Washington, DC, Northern Virginia and nearby counties over the next several years.

“Krispy Kreme is re-entering the marketplace with a smaller store concept and a new focus on its retail operations,” said Ferrante. “Having a strong local partner like Monument Restaurants is allowing us to scale the model into communities that are hungry for the retail experience Krispy Kreme offers.”

According to Ferrante, Krispy Kreme’s new model capitalizes on its strong brand recognition and focuses less on selling products to local grocery and convenience stores. The new Krispy Kreme locations will provide a family-friendly retail experience for its customers that includes the signature Original Glazed doughnut and the great-tasting coffee offered by the retailer since it was founded in 1937.

The Crofton Station Krispy Kreme location will be the first new Krispy Kreme store to open in Maryland in more than a decade.

JLL’s retail business serves as an industry leader in retail real estate services. The firm’s more than 800 dedicated retail experts in the Americas partner with investors and occupiers around the globe to support and shape investment and site selection strategies. Its retail specialists provide independent and expert advice to clients, backed by industry-leading research that delivers maximum value throughout the entire lifecycle of an asset or lease. The firm has more than 130 retail brokerage experts spanning more than 30 major markets, representing more than 680 retail clients. As the largest third party retail property manager in the United States, JLL is currently handling the management, leasing and/or disposition of more than 710 centers, totaling 83 million square feet specializing in regional malls, lifestyle centers, grocery-anchored centers, power centers, central business districts, transportation facilities and mixed-use projects.  For more news, videos and research from JLL’s Retail Group, please visit: www.jllretail.com.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $57.2 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.