DALLAS — SRS Real Estate Partners has arranged a lease for a new location of the casual dining franchise Bon Chon Chicken in a 4,500-square-foot space at Greenville Avenue and Lovers Lane in Dallas. The restaurant, which specializes in Korean-style fried chicken, joins other area tenants including Michael’s, Baker Brothers American Deli and Genghis Grill. Tyler Isbell and Jason Puig of SRS represented Bon Chon Chicken in the transaction, while Sue Hageman and Doug Howell of Westwood Financial represented the landlord.
DALLAS — Firecrust Neapolitan Pizzeria has signed leases for two new locations in the North Dallas submarket. The restaurants will be located in a 3,000-square-foot space at Knox Promenade Shopping Center and a 2,935-square-foot space at Prestonwood Park in Plano. Firecrust, which offers salads, craft beer and wine in addition to custom, wood-fired pizzas, plans to open five to seven locations in 2014.
HOUSTON — A second Houston location of the Yucatan Taco Stand and Tequila Bar has been confirmed for 1001 Studewood Street No. 1 in Houston. The company has signed a retail restaurant property lease for a total of 4,900 square feet, of which Yucatan will occupy 3,200 square feet. The operator will use the remaining space for a concept yet to be named. Christopher Dray of Moody Rambin represented the landlord, The Omaha & South Texas Land Company LLC. Mark Raines of CBRE represented the tenant.
HOUSTON — Deals are in place for three new Houston metro locations of Dunkin’ Donuts, which recently announced its commitment to open a minimum of 60 locations in the area within the next five years. Jonathan Hicks of Davis Commercial represented the tenant in build-to-suit agreements with Tweed Property Interests LLC in Deer Park, Calvert Lindsay Interests LP with Yes Partners LLC in Katy and Ayrshire Corp. with Daily Grind LLC in the Southeast Houston submarket.
THE WOODLANDS, TEXAS — Jones Jazzy Java and Dr. Alfred’s Hotdog Stand have recently leased two separate concession stands with The Woodlands Development Co. (TWDC) at Waterway Square along the Woodlands Waterway in The Woodlands Town Center. Jones Jazzy Java is owned by Shawn and Tricia Jones and offers New Orleans’ style cuisine. V.VJ Enterprise, owned by Dr. Alfred Limani and Viosa Berisha, offers Chicago-style hot dogs and ice cream at Dr. Alfred’s Hotdog Stand.
FORT WORTH, TEXAS — Ricky Bobby Sports Saloon, a new restaurant and sports bar with a Nascar racing theme, is set to open at 2200 N.E. Loop 820 in Fort Worth near the Texas Motor Speedway. The restaurant is the latest member of the Rick’s Cabaret International Inc. restaurant group. The restaurant will feature two full service bars, flat screen televisions throughout, a 3,000-square-foot patio with fire pits, fountains and a stage for live band performances.
AUSTIN, TEXAS — CBRE has arranged a 2,200-square-foot lease for VERTS, an Austin-based Mediterranean-style restaurant, located at 1801 E. 51st St. in Austin’s Mueller Market District. The restaurant will open in late July. John Heffington with CBRE represented the tenant. Britt Morrison with the Weitzman Group represented the landlord, Catellus. This restaurant will be VERTS seventh location in the Mueller neighborhood.
NORTH MIAMI BEACH, FLA. — Marcus & Millichap has completed the sale of North Miami Beach Ale House for $4.35 million. The 8,999-square-foot restaurant is located at 3227 NE 163rd St. North Miami Ale House has been open for 14 years and currently has 12 years remaining on a triple-net lease, which also includes two five-year options. Adam Tiktin and Michael Biama of Marcus & Millichap’s Miami office represented the seller, a private investor from Boca Raton, as well as the buyer, a private investor from Aventura.
CORAL SPRINGS, FLA. — CB Richard Ellis (CBRE) has arranged the sale of two net-leased restaurant buildings in Coral Springs. Bonefish Grill leases a 5,000-square-foot, freestanding building at 1475 University Drive. Wendy’s occupies and holds the ground lease to the adjacent 3,000-square-foot, freestanding building at 1455 University Drive. The tenants have been at these locations since 2004. David Donnellan and Todd Weintraub of CBRE’s Fort Lauderdale office represented the seller, a private REIT. The buyer was North University Properties LLC.
RALEIGH, N.C. — Tropical Smoothie Café has announced the signing of a multi-unit development deal with Raleigh entrepreneur Sherman Dye, which will bring five Tropical Smoothie Café locations to the city in the next three years. Tropical Smoothie Café operates nine cafes across North Carolina, three locations in the Raleigh-Durham market and others in Nags Head, Southern Shores, Greenville, Winston-Salem and Southport. The new Raleigh deal is part of the 341-unit brand’s nationwide growth strategy to open 40 additional locations throughout the U.S. in 2013.