HOUSTON — Seasons 52 has chosen Houston's Millennium High Street for its second restaurant in Texas, located at 4410 Westheimer Road inside the 610 Loop. The property will feature two private dining rooms, a custom wine cellar, a piano bar and an exclusive chef's table. Houston-based The Dinerstein Companies will develop the property, which is slated to open in spring 2013.
DALLAS — Pie Five Pizza Co. has opened its fifth location, a 2,100-square-foot restaurant located at 15250 North Dallas Parkway in Dallas. The restaurant is the fifth restaurant in the chain's 7 months of operation. There are currently two other Pie Fives in construction in Carrollton and Arlington, and the company hopes to have eight locations by its 1-year anniversary in June.
THE WOODLANDS — Houston-based J. Beard Real Estate Co. has arranged the sale of a 1.21-acre pad site that will house a Japanese restaurant, located at the intersection of Technology Forest Boulevard and Research Forest Drive in The Woodlands. Tim Maczko of J. Beard represented the seller, Everson Developments, in the transaction. The buyer, a private partnership, currently owns and operates two Sakekawa Japanese Steak House & Sushi Bar restaurants.
KANSAS CITY, KAN. — Logan's Roadhouse has broken ground on 1.4 acres of land at Plaza at the Speedway in Kansas City. The new restaurant will be located just west of Chick-fil-A and is scheduled to open in the summer of 2012. David Block and Becky Goodman of Block & Co. Inc.'s Kansas City office, along with Christian Ablah of Classic Real Estate, represented the seller, Plaza Speedway. Jeff Berg of Lane 4 Group represented the buyer, Speedway LR.
OKLAHOMA CITY — Marcus & Millichap has provided financing for a Burger King restaurant in Oklahoma. Christopher Marks of Marcus & Millichap's Manhattan office arranged the $500,000 loan based on a 5-year term with a 20-year amortization schedule through a national bank.
STREETSBORO, OHIO — Wendy's Co. will open a new restaurant at 4931 N. Oak Traffic Way in the North Oak Village Shopping Center in Kansas City, Mo. Located at the intersection of North Oak and Vivion roads, the 3,000-square-foot restaurant will open to the public Oct. 15.
WILMINGTON, DEL. –– Saladworks has signed an agreement with franchisee Joe Mignone to open his third franchise in Delaware. This Wilmington location is expected to open this fall, which will expand Saladworks’ presence in Delaware to five restaurants. Saladworks operates more than 100 franchise locations in 12 states.
DUBLIN, OHIO — Marcus & Millichap has brokered the sale of a 3,660-square-foot, freestanding building that is net-leased to Arby's. The restaurant is located at 5864 Sawmill Road in the Columbus, Ohio, suburb of Dublin. An out-of-state investor purchased the property for $1.82 million at an 8 percent cap rate. Dan Yozwiak and John Reehil of Marcus & Millichap's Columbus office represented the seller, a private investor.
GRAND RAPIDS, MICH. — CB Richard Ellis (CBRE)/Grand Rapids has brokered the sale of the former Big Boy restaurant located at 2817 Kraft Ave. in Grand Rapids. The buyer, Cascade Burgers Real Estate, plans to open a new Bagger Dave's Legendary Burger Tavern location in the 6,488-square-foot building. This will be Bagger Dave's fifth location, and a sixth location is set to open soon in East Lansing, Mich. The Grand Rapids location will open by the end of the year. CBRE's Robert Lotzar represented the seller, Union Bank, in the deal.
MISHAWAKA, IND. — Syndicated Equities has arranged the sale of a 3,592-square-foot, single-tenant property net-leased to Arby's in Mishawaka. The property was purchased by a Florida-based investor from an Indiana-based real estate developer for $1.34 million. Isaac Metzger of Syndicated Equities represented both parties in the deal.
