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Krispy Kreme Signs 25-Year Lease for Fourth Valley Site

PHOENIX-A 5,000-sf Krispy Kreme will be rising in the West Valley, selecting the Desert Sky Esplanade for its fourth store in the region. The 25-year lease with developer John F. Long Properties is valued at nearly $4.6 million.

By D.J. Burrough | Updated on October 31, 2001

PHOENIX-Construction kicks off immediately on a 5,000-sf build-to-suit in the West Valley’s Desert Sky Esplanade, the next location for Krispy Kreme.

The famous doughnut maker, known for its feather-light glazed treats, has three other sites in the Valley. The latest venue will open in second quarter 2002. John F. Long Properties, developer of Desert Sky Esplanade, will own and build the freestanding Krispy Kreme structure. The 25-year lease is valued at nearly $4.6 million.

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