Ghost Kitchen Operator Opens 6,400 SF Space in Midtown Manhattan

NEW YORK CITY — Ghost kitchen operator Kitchen United has opened a 6,400-square-foot space at 307 W. 38th St. in Midtown Manhattan where it will offer takeout and delivery of brands such as Wingstop, Jersey Mike’s Subs and Chili’s, among others. The location is the third in New York City for Kitchen United, which also recently software and ghost kitchen developer, Zuul. The acquisition saw Zuul’s existing locations in the Soho and Hudson Yards neighborhoods rebranded as a Kitchen United …

December 1, 2021Leasing Activity, New York, Northeast, Restaurant, Retail

Restaurants Embody Trends That Define Houston Retail Market Post-Covid

By Jeff Tinsley, senior advisor, SVN | J. Beard Real Estate - Greater Houston As we reach the end of the calendar year, it’s become clear that 2021 has been a year of transition. Many new trends are emerging from the pandemic year of 2020 with regard to retail real estate. COVID-19-induced trends within shopping, dining and entertainment have given rise to a new generation of retailers to the Houston market. Many quick-service restaurants (QSRs) are looking to reduce store sizes for …

December 1, 2021Market Reports, Restaurant, Retail, Texas, Texas Market Reports

Quantum Arranges $2.5M Sale of Restaurant Property in Lincoln, Nebraska

LINCOLN, NEB. — Quantum Real Estate Advisors Inc. has arranged the sale of a single-tenant property occupied by Perkins Restaurant & Bakery in Lincoln for $2.5 million. The building is located at 7301 Husker Circle. Zack Hilgendorf of Quantum represented the buyer, an Iowa-based private investor. A local developer was the

November 29, 2021Acquisitions, Midwest, Nebraska, Restaurant, Retail

Legacy Partners, Lionstone Investments Break Ground on 623-Unit Mixed-Use Redevelopment in Downtown Redmond, Washington

REDMOND, WASH. — A joint venture between Legacy Partners and Lionstone Investments has broken ground for the redevelopment of the Redmond Square shopping center in downtown Redmond. When completed, the mixed-use development will feature 623 apartments spread across six buildings on 3.5 acres.The first phase of the development, located at 16595 Redmond Way, will offer 311 apartments and nearly 20,000 square feet of ground-floor retail space. Residences will feature built-in closets, …

November 12, 2021Development, Mixed-Use, Multifamily, Office, Restaurant, Retail, Washington, Western

SRS Real Estate Partners Negotiates $8.2M Sale of Raising Cane’s-Occupied Property in San Bernardino

SAN BERNARDINO, CALIF. — SRS Real Estate Partners has arranged the sale of a restaurant building located at 1857 S. Tippecanoe Ave. in San Bernardino. An affiliate of Red Mountain Group sold the property to a San Diego-based high-net-worth investor for $8.2 million.Raising Cane’s Chicken Fingers occupies the 4,086-square-foot property, which was built in 2017 on 1.2 acres and has more than 11 years remaining on its absolute triple-net lease.Matthew Mousavi and Patrick Luther of …

November 4, 2021Acquisitions, California, Net Lease, Restaurant, Retail, Western

Blue West Capital Negotiates Sale of Mineral Shops in Littleton, Colorado

LITTLETON, COLO. — Blue West Capital has brokered the sale of Mineral Shops, a neighborhood retail center at 4760 W. Mineral Ave. in Littleton. Terms of the transaction were not released.Mineral Shops features 9,910 square feet of retail space and was 100 percent occupied at the time of sale. Tenants include Rita B Salon, Blush Nail Salon, King Liquor, Dunkin' and Columbine Dentistry.Robert Edwards and Carly Kelly of Blue West Capital represented the buyer, a Texas-based private real …

November 1, 2021Acquisitions, Colorado, Restaurant, Retail, Western

Phoenix Commercial Advisors Brokers $10M Sale of Shops at Cooley Station Near Phoenix

GILBERT, ARIZ. — Phoenix Commercial Advisors has negotiated the sale of Shops at Cooley Station, two hard-corner retail shop buildings located at 4049 E. Williams Field Road in Gilbert. The property traded for $10 million, or $628 per square foot. The names of the buyer and seller were not released.The 15,912-square-foot building was fully occupied at the time of sale. Current tenants include Pacific Dental, Wing Stop, F45, Little Caesars, Life Quest and My House.Chad Tiedeman of …

November 1, 2021Acquisitions, Arizona, Restaurant, Retail, Western

Progressive Real Estate Arranges $2.7M Acquisition of Jack in the Box Property in Los Angeles County

POMONA, CALIF. — Progressive Real Estate Partners has brokered the purchase of a restaurant property located at 101 W. Foothill Blvd. in Pomona. A San Gabriel, Calif.-based private investor acquired the asset from an undisclosed seller for $2.7 million. Mike Lin of Progressive Real Estate Partners represented the buyer in the deal.Jack in the Box has occupied the property, which features a drive-thru lane, for more than 30 years. Originally built in 1976, the property underwent a major …

November 1, 2021Acquisitions, California, Restaurant, Retail, Western

Redevelopments and Backfills Drive New Retail Activity All Around Richmond

“Infill, redevelopment and reuse” are the mantras in the city of Richmond and even in some suburbs, where new construction continues to follow residential growth in nearly all the surrounding counties, with Chesterfield and Henrico being the most active. The municipalities themselves play key roles as well. Costs for land and construction continue to escalate, so creativity is key no matter what avenue pursued in the retail world. And like most of the United States, Richmond’s developers …

November 1, 2021Market Reports, Restaurant, Retail, Southeast, Southeast Market Reports, Virginia

Midway Announces New Retail Tenants at East River Mixed-Use Project in Houston

HOUSTON — Midway has announced new retailers and restaurants joining East River, the locally based developer’s 150-acre mixed-use project in Houston’s Historic Fifth Ward. Broham Fine Soul Food & Groceries will occupy 4,000 square feet; Austin-based Lick Honest Ice Creams has signed a 1,124-square-foot lease; and URBN Dental has committed to a 2,612-square-foot space. Construction of the first phase of East River is underway and expected to be complete in …

October 29, 2021Leasing Activity, Restaurant, Retail, Texas