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Hamburgers & Donuts

We have been busy recently representing clients in the QSR space. For those not in the know, that stands for Quick Service Restaurants. One is a national client, recruiting a head of real estate, and the other is a national corporate service provider that makes a market in the QSR space. I decided to focus on this for today’s column because I have been struck by the scope and scale of the real estate associated with fast food operators. For example: Dunkin Donuts, Domino’s, Starbucks, McDonald’s, and, of course, Subway. We see one, two, three, four, and sometimes five of them at every major intersection, on every city street, and increasingly, on rural by-ways. Thousands upon thousands of QSR’s. That’s a lot of real estate that needs to be sourced, leased, fitted-out, administered, etc. Most QSR’s have scaled back considerably over the past 18 months, but with a recovery ahead, it’s going to be back to burgers and a renewed demand for talent in this space.

Tony LoPinto is CEO of Equinox Partners, an executive search firm specializing in the real estate industry, and parent company of SelectLeaders. The views expressed in this article are the author’s own.
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