Restaurant

Marcus & Millichap Arranges $2.6M Sale of Net Leased Property in Topeka, Kansas

by Kristin Harlow October 24, 2017

TOPEKA, KAN. — Marcus & Millichap has arranged the sale of a 4,828-square-foot property net leased to IHOP in Topeka for $2.6 million. The restaurant is located at the intersection of U.S. Highway 24 and Topeka Boulevard. Jamie Medress, Mark Ruble and Chris Lind of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. Kirk Trammell, David Cutler and Joshua Johnson of Marcus & Millichap secured and represented the buyer, also a limited liability company. Richard Matricaria and Greg Bates assisted in closing the transaction.

October 24, 2017

Restaurant Retail Texas

Oaxaca Interests to Convert West Dallas Warehouse into 10,000 SF Retail, Restaurant Property

by Taylor Williams October 23, 2017

DALLAS — Dallas-based development and asset management firm Oaxaca Interests will redevelop a warehouse located at 660 Fort Worth Ave. in west Dallas into a 10,000-square-foot retail and restaurant property. The warehouse property, which was previously occupied by W&B Refrigeration Service Co., is situated on one acre next to the Sylvan/Thirty mixed-use development. Oaxaca is targeting two to five tenants for the project, construction of which is scheduled to begin before the end of 2017 and wrap up in fall 2018.

October 23, 2017

Nevada Restaurant Retail Western

Pollo Campero Opens Second Las Vegas Location

by Nellie Day October 23, 2017

LAS VEGAS — Pollo Campero has opened its newest restaurant in Las Vegas, marking the second Las Vegas location and 75th location nationwide. The new restaurant is the second Pollo Campero for GSK 3 Investments, which is owned by franchisees Maria Enamorado and her sons, Gurpaul and Gurdev Kular. In April, GSK 3 Investments opened Nevada’s first Pollo Campero restaurant in North Las Vegas. The latest restaurant opening is part of Pollo Campero’s strategic development plan focused on strengthening its footprint in existing markets and opening new restaurants in key cities in the United States through corporately owned and franchised units. As part of its franchising agreement, GSK 3 Investments will open a third Las Vegas Pollo Campero restaurant in the near future. Pollo Campero is a chicken restaurant brand founded in 1971 in Guatemala.

October 23, 2017

Georgia Mixed-Use Restaurant Retail Southeast

Local Brewery to Open at Planned Mixed-Use Development in Metro Atlanta

by Camren Skelton October 19, 2017

FORSYTH COUNTY, GA. — RocaPoint Partners and The Georgetown Co. have unveiled plans to open Cherry Street Brewing at Halcyon, a 150-acre mixed-use project under development in south Forsyth County. The Cumming, Ga.-based brewery will open an 8,000-square-foot brewpub and beer garden in the center of Halcyon’s restaurant village. The brewpub will have a seasonal food menu and 16 Cherry Street beers on tap, as well as a new Halcyon-specific brew. The beer garden will feature communal tables, bar space and a stage for special events. Nick Tanner, Cherry Street owner and brewmaster, will own and operate the new brewpub alongside his sister, Alisa Tanner. Halcyon is slated to open in 2018. Upon completion, the development will feature more than 480,000 square feet of office and retail space, a movie theater, two hotels and 690 residential and seniors housing units.

October 19, 2017

Hospitality New Jersey Northeast Restaurant Retail

SJP Properties Sells Site for Hotel, Restaurant Development in Bridgewater, New Jersey

by Amy Works October 18, 2017

BRIDGEWATER, N.J. — SJP Properties has completed the disposition of a site within Somerset Corporate Center in Bridgewater for the development of a hotel and restaurant. AC Hotels by Marriott and Zinburger Wine & Burger Bar will occupy the space. Construction on the hotel and restaurant will commence this month and is expected to be completed by 2020. The AC Hotels by Marriott location will feature 150 guest rooms and a rooftop bar and lounge. The 5,800-square-foot Zinburger will offer a menu of gourmet burgers with paired wine selections. The name of the buyer and acquisition price were not released. Current tenants at the corporate campus include Linde Americas, Qualcomm, iconectiv, Mazda, Kering Eyewear, Allergan, Cognizant Technologies, Aon Hewitt and Merrill Lynch.

October 18, 2017

Indiana Midwest Restaurant Retail

Books & Brews to Open at University of Indianapolis

by Kristin Harlow October 17, 2017

INDIANAPOLIS — Books & Brews Used Bookstore and Taproom has signed a 4,600-square-foot retail lease at the University of Indianapolis. Redevelopment of the property, located at 3808 Shelby St., will begin this fall. Books & Brews will be the only restaurant and brewery on campus, according to a news release. Crystal Kennard, Scot Courtney and Richard King III of Lee & Associates represented the landlord, Oakbridge Properties, in the lease transaction. Robb Day of Coldwell Banker Commercial represented the tenant.

October 17, 2017

Restaurant Retail Texas

Carlyle Group to Open 16,000 SF Food Hall in Fort Worth

by Taylor Williams October 11, 2017

FORT WORTH, TEXAS — The Carlyle Group, a Washington, D.C.-based asset management firm, will open Crockett Street Food Hall, a 16,000-square-foot venue that will be situated within Crockett Row at West 7th, a mixed-use property in Fort Worth. Located at the corner of Crockett and Norwood streets, the venue will offer 100- to 1,000-square-foot spaces to fast-casual food vendors. Fourteen eateries are currently slated to operate within the food hall, which will feature a full bar, patio seating and music in the evenings.

October 11, 2017

Connecticut Mixed-Use Multifamily Northeast Restaurant Retail

RBH Group Acquires Vacant Commercial Building in Hartford, Connecticut, for $20M

by Amy Works October 9, 2017

HARTFORD, CONN. — RBH Group has acquired a long-vacant commercial building, located at 370 Asylum St. in Hartford, for $20 million. RBH Group plans to redevelop the building into Teachers Corner Hartford, a mixed-use space. The development will feature market-rate and affordable residential units, space for educational opportunities and cultural performances, as well as restaurant and retail components. Laurie Grasso and Douglas Hoffmann of Hunton & Williams advised in the acquisition. Teachers Corner Hartford represents the first transaction in RBH Group’s national rollout of its Teachers Village concept following the first Teachers Village project in Newark, N.J., a $150 million, 23-acre mixed-use community. Teachers Corner Hartford is a realization of RBH Group’s continued joint venture with the Goldman Sachs Urban Investment Group and its partnering with Hartford’s Community Solutions and The Prudential Social Investment Group, with funding provided by the City of Hartford and various Connecticut state agencies.

October 9, 2017

Restaurant Retail Texas

Fast Casual Eatery Gather Kitchen Opens Flagship Location in Downtown Dallas

by Taylor Williams September 29, 2017

DALLAS — Gather Kitchen, a fast casual restaurant specializing in locally sourced items, has opened its flagship location at Thanksgiving Tower in downtown Dallas. The 2,400-square-foot restaurant will feature a bakery, outdoor seating area and floor-to-ceiling windows with views of the CBD. Greg Pierce and Ryan May of CBRE represented Gather Kitchen in the lease negotiations. Jack Gosnell and Amy MacLaren, also of CBRE, represented the landlord, Woods Capital Management.

September 29, 2017

California Restaurant Retail Western

Capital Realty Solutions Brokers $3.5M Sale of Restaurant Property in Pomona

by Nellie Day September 29, 2017

POMONA, CALIF. — Capital Realty Solutions has arranged the sale of a restaurant property located at 2098 S. Garey Ave. in Pomona. 6814 Lankershim Associates sold the property to an undisclosed private investor for $3.5 million. Jack in the Box occupies the 2,612-square-foot property on a 15-year triple-net lease term, which includes four five-year extension options for the tenant. Ash Joshi of Capital Realty Solutions represented the seller in the deal.

September 29, 2017

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