Restaurant

Hillwood Breaks Ground on 3.5-Acre Dining, Entertainment Destination in Fort Worth

by Taylor Williams November 3, 2017

FORT WORTH, TEXAS — Hillwood has broken ground on Parkside at Alliance Town Center, a 3.5-acre dining and entertainment destination that will be located within the 900-acre AllianceTexas development in Fort Worth. Upon completion, the property will feature a live music stage and space for outdoor games. Two restaurants, Grub Burger Park and Shell Shack, have already committed to operating within the site, with more to come. Construction for the Grub Burger Park and Shell Shack locations is expected to be complete by summer 2018.

November 3, 2017

Georgia Restaurant Retail Southeast

Five New Restaurants to Join The Hub in Downtown Atlanta’s Peachtree Center

by Camren Skelton November 1, 2017

ATLANTA — Five new eateries have inked leases at The Hub, the retail portion of downtown Atlanta’s Peachtree Center. The new restaurants are part of a project from Banyan Street Capital to renovate and modernize the mixed-use destination’s retail center. Amy Fingerhut of CBRE arranged leases with the new tenants, which will open on a rolling schedule beginning later this year and into early 2018. The new tenants include Salata, a build-your-own salad chain that will open its third location in Atlanta; Bep Eatery, a first-to-market Vietnamese concept; Beni’s Cubano, a Cuban eatery from the Southern Proper Hospitality team behind Tin Lizzy’s Cantina; Taste of India, which will offer a mix of northern and southern Indian cuisine; and Southern Candy Co., which will expand from a pop-up location in The Hub into a permanent space. All five new restaurants will open on the Gallery Level of The Hub, located directly under the courtyard and at the center of the renovation project, joining restaurants including Aviva By Kameel, Panbury’s, Chick-fil-A and Yami Yami. Construction on The Hub is slated for completion in spring 2019.

November 1, 2017

Midwest Net Lease Ohio Restaurant Retail

Cooper Commercial Brokers $1.8M Sale of Property Net Leased to Starbucks in Milford, Ohio

by Kristin Harlow October 30, 2017

MILFORD, OHIO — The Cooper Commercial Investment Group has brokered the sale of a single-tenant property net leased to Starbucks in Milford, about 15 miles northeast of Cincinnati, for $1.8 million. The 2,107-square-foot retail property was newly constructed this year and features 10 years of initial lease term. Dan Cooper represented the undisclosed seller. A California-based buyer purchased the property.

October 30, 2017

California Restaurant Retail Western

Hanley Investment, SRS Real Estate Partners Broker $3.5M Sale of McDonald’s Ground Lease in Azusa, California

by Nellie Day October 27, 2017

AZUSA, CALIF. — Hanley Investment Group Real Estate Advisors and SRS Real Estate Partners have arranged the sale of a single-tenant McDonald’s ground lease in Azusa. A private 1031 exchange buyer acquired the ground lease from a Newport Beach-based private investor for $3.5 million. Built in 2017, the 4,365-square-foot property features a double drive-thru. McDonald’s occupies the property on a 20-year ground lease. Eric Wohl of Hanley Investment and Michael Walseth of SRS represented the seller, while Mark Repstad of Realty Advisory Group represented the buyer in the transaction.

October 27, 2017

Georgia Restaurant Retail Southeast

New Food Hall to Open at Coda Development in Midtown Atlanta’s Tech Square

by Camren Skelton October 24, 2017

ATLANTA — The Collective, a new food hall concept, is set to join the forthcoming Coda development underway at 771 Spring St. in Midtown Atlanta’s Tech Square. The Collective will include eight to 10 eateries with communal seating areas opening up into a 20,000-square-foot outdoor space. The historic three-story Crum & Forster building located on the property will serve as an 8,000-square-foot, full-service restaurant with patio seating that will transition to the outdoor space. In addition to several prospective dining options, preliminary plans include a full-service central bar that will enable patrons to take advantage of open carry that will be permitted at Coda. Under development by Portman Holdings, Coda will feature 645,000 square feet of office space, an 80,000-square-foot data center, 30,000 square feet of street-level retail and the new food hall upon completion. Adrienne Crawford and Lily Heimburger of SRS Real Estate Partners are spearheading restaurant leasing for The Collective at Coda, which is slated to open in February 2019. Portman Holdings is also developing the neighboring Anthem Technology Center, a new 21-story, 352,000-square-foot building that will rise at the corner of 4th and West Peachtree streets.

October 24, 2017

Kansas Midwest Net Lease Restaurant Retail

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

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