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.
DALLAS — The CBRE retail brokerage and project management team in Dallas has arranged the expansion of Seattle's Best Coffee to 10 locations throughout the Dallas/Fort Worth Metroplex. Daniel Taylor, Chris Sacks and Andrew Wiley provided market evaluation, mapping and demographic analysis, site selection and lease negotiations for the coffee retailer. Sean Goff and April Desabrais of CBRE's project management team established a cost efficient approach to construction. The 10 sites are located in Dallas, Fort Worth, Burleson, Lancaster, McKinney and Rockwall.
ARLINGTON, TEXAS — Pie Five Pizza Co. has opened its 10th corporate-owned location in the Dallas/Fort Worth area and its 11th store overall. The new Pie Five restaurant will located at 2151 N. Collins St., Suite 105 in Arlington. The restaurant is nearly 2,000 square feet and can accommodate approximately 70 patrons. Pie Five has awarded agreements for another 37 restaurants to-date in Utah, Charlotte, North Carolina, Florida and Kansas City.
TULSA, OKLA. — Marcus & Millichap has arranged the sale of a 7,164-square-foot Macaroni Grill restaurant in Tulsa. The restaurant is located at 6603 S. Memorial Drive. Jason Vitorino and Jared Aubrey of Marcus & Millichap's Dallas office represented the seller, a limited liability company, in the transaction. Vitorino and Aubrey procured the buyer, also a limited liability company. Tim Speck of Marcus & Millichap's Dallas office assisted in closing the transaction.