Restaurant

Grassroots Salad Co. to Open Eatery at Chase Tower in Milwaukee

by Kristin Harlow January 11, 2018

MILWAUKEE — Grassroots Salad Co. has signed a 2,841-square-foot lease at Chase Tower in Milwaukee. The restaurant provides made-to-order salads, wraps and freshly pressed juices for people on the go. Slated to open in spring 2018, this will be the company’s second location. In addition to in-store dining for approximately 50 people, Grassroots will offer catering and delivery. Dedicated to offering locally grown ingredients including antibiotic- and hormone-free proteins, the company is a sustainable business, serving compostable bowls and biodegradable utensils. Chase Tower, owned by Southfield, Mich.-based Farbman Group, is located on the corner of East Wisconsin Avenue and North Water Street. The 22-story, 480,000-square-foot office building recently underwent renovations, including new lighting and painting of the parking garage, new carpet and fresh paint throughout the common areas and the addition of an amenity room.

January 11, 2018

Connecticut Mixed-Use Multifamily Northeast Office Restaurant Retail

BLT Transforms Waterfront Property into Mixed-Use Development in Stamford, Connecticut

by Amy Works January 10, 2018

STAMFORD, CONN. — Building and Land Technology (BLT) is developing Harbor Landing, the redevelopment and rebranding of Stamford Landing and Davenport Landing in Stamford. The project will connect the Stamford Landing office complex and the Davenport Landing boatyard and residential properties. The newly connected waterfront property will be a combination of the former Stamford Landing, a 200,000-square-foot waterfront office complex, and the former Davenport Landing, featuring 218 residential rental units, two restaurants, a full-service boatyard operated by The Hinckley Co., a boardwalk and a marina with more than 120 available slips. The residential portion of the property is slated to begin leasing early this year. On-site amenities at the property include security, a shuttle to the train, a fitness center with yoga studio, marina slips, and two restaurants, Crab Shell and Prime. BLT has retained RHYS as leasing agent for the property.

January 10, 2018

California Office Restaurant Retail Western

Taco Bell Expands Office Presence in Irvine, California

by Nellie Day January 8, 2018

IRVINE, CALIF. — Taco Bell Corp. has expanded its executive team and leadership capabilities with three new positions as the brand inches toward its goal of being a $15 billion company with 9,000 restaurants globally by 2022. Taco Bell is bringing on Julie Felss Masino as brand president, where she will be responsible for ensuring the brand continues to deliver same-store sales growth by driving innovation, new store development and customer experience. She will also continue the brand’s partnership with its franchisees. This addition will allow CEO Brian Niccol the opportunity to focus on the company’s growth as a global brand while continuing to oversee the U.S. business. Masino comes to Taco Bell from Mattel Inc., where she led the Fisher Price division. Prior to that, she had extensive experience in the restaurant industry. Masino spent 12 years at Starbucks in leadership positions across numerous functions including in marketing, operations and strategic growth — both domestically and globally. She also has experience building newer brands, having served as CEO of Sprinkles Cupcakes Inc., where she grew store count and diversified retail product offerings, successfully launching its newest concept of cupcakes and ice cream. As part of the company’s structuring for …

January 8, 2018

Maine Northeast Restaurant Retail

Cardente Real Estate Brokers $1.1M Sale of Restaurant Property in Portland, Maine

by Amy Works December 22, 2017

PORTLAND, MAINE — Cardente Real Estate has arranged the sale of a restaurant property located at 476 Stevens Ave. in Portland. Rock Properties sold the property to 476 Stevens Ave LLC for $1.1 million. Siano’s Pizzeria formerly occupied the 4,091-square-foot restaurant building. Cheri Bonawitz of Cardente Real Estate represented the seller, while Mike Anderson of Malone Commercial Brokers represented the buyer in the deal.

December 22, 2017

California Restaurant Retail Western

Centre Partners Sells Captain D’s Restaurant Chain

by Nellie Day December 22, 2017

LOS ANGELES — Centre Partners, a leading middle market private equity firm with offices in Los Angeles and New York, has sold its portfolio company Captain D’s. The buyer and price were not disclosed. Captain D’s is a seafood-themed operator in the quick-service restaurant (QSR) sector. The Captain D’s system consists of 530 restaurants, including 227 franchised and 303 company-owned locations in 21 U.S. states, with established strongholds in the Southeast and Midwest. Founded in 1986, Centre Partners has invested over $2 billion of equity capital in more than 75 transactions since its inception.

December 22, 2017

Restaurant Retail Texas

Signorelli to Welcome Nine Restaurants to Houston’s Valley Ranch Town Center by Summer 2018

by Taylor Williams December 20, 2017

HOUSTON — Signorelli Co., the developer of the 240-acre Valley Ranch Town Center (VRTC) mixed-use development in northeast Houston, will welcome nine new restaurants to its tenant roster by summer 2018. Breakfast and lunch eatery The Toasted Yolk Café and frozen yogurt franchise Menchies are both scheduled to open in the spring of 2018, along with a third location at VRTC for Italian restaurant Pizza Cucinova. Japanese restaurant Airi Poke and Ramen is slated to open next summer. Other dining options opening soon include Gringo’s Mexican Kitchen, Buffalo Wild Wings, RC’s NYC Pizza & Pasta, Shogun Japanese Grill & Sushi Bar and Schlotzky’s.

December 20, 2017

Louisiana Market Reports Restaurant Retail Southeast Southeast Market Reports

Restaurants Prove to be New Orleans Retail Market’s Bread and Butter

by John Nelson December 18, 2017

Take a look at the current retail landscape, not only in New Orleans, but far beyond the Big Easy, and you will find this sector has changed drastically over the past decade. Some argue retail is dead, while others cling to the notion that every market goes through cycles, and this has been going on long before the dawn of any Tricentennial festivities. Somewhere between these two extremes is the confluence of trends, data, outliers, gossip and pontificating cries, that when carefully dissected, should provide the necessary context to obtain an understanding of the current retail market in New Orleans, as well as the opportunities that exist in the future. Make no mistake, retail in New Orleans is changing, but the restaurant sector is a bedrock, creating fresh concepts, diversifying the city’s food offering and strengthening the overall retail market. It’s futile to deny the impact technology has had on the overall retail market, and New Orleans is no exception. Retailers that derive a large portion of revenues from the sale of goods that can be purchased online are finding it difficult to compete due to the cost of operating a brick and mortar location. Of course, this is only …

December 18, 2017

Loans Mixed-Use New York Northeast Office Restaurant Retail

Rockwood Capital, Midtown Equities Receive $245M Loan for Mixed-Use Project in Brooklyn

by Amy Works December 14, 2017

NEW YORK CITY — Rockwood Capital and Midtown Equities, in joint partnership, have received $245 million in financing for a portion of Empire Stores in Brooklyn’s DUMBO neighborhood. The loan is for 55 Water Street, an 1860s-era warehouse building that was recently renovated, including the addition of a sixth floor to the original five stories. Upon completion, the overall project will feature 380,000 square feet of commercial space, including office, retail, restaurant and exhibition space, as well as rooftop gardens and public facilities. Provided by M&T Bank, the loans consisted of a $217.3 million land loan, plus $27.7 million for future project costs. Diana Brummer and Elizabeth Akerman of Stroock represented the joint venture in the financing.

December 14, 2017

Illinois Midwest Restaurant Retail

Time Out Group to Open 50,000 SF Food Hall in Chicago’s Fulton Market

by Kristin Harlow December 13, 2017

CHICAGO — Time Out Group, a London-based media company, has unveiled plans to open a 50,000-square-foot food hall in Chicago’s Fulton Market. Time Out Market Chicago is slated to open in 2019. The vendor lineup will feature several of the city’s top restaurants and bars. The three-story space will include 16 chef-driven counters, three bars, a demonstration kitchen, a retail area, outdoor dining space and seating for 600 people. The first market from Time Out, located in Lisbon, Portugal, opened in 2014. Additional markets are slated to open in the United States in Miami (2018) and Boston (2019).

December 13, 2017

Restaurant Retail Texas

CRP, Wile Interests to Develop 30,000 SF Retail, Restaurant Destination in Houston

by Taylor Williams December 12, 2017

HOUSTON — Capital Retail Properties (CRP), in a partnership with Wile Interests Inc., will develop Market at Houston Heights, a 30,000-square-foot retail and restaurant destination in northwest Houston. The property will be located at 1533 N. Shepherd Drive fronting Laird and West 16th streets. Individual components will include a 4,000-square-foot structure allocated to dining, 26,000-square-foot mixed-use building, 3,000-square-foot plaza with seating for community events and 160 parking spaces. The developers expect to deliver space for tenant build-out in the fall of 2018.

December 12, 2017

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