AURORA, ILL. — Chick-fil-A, an Atlanta-based chain restaurant, is opening three restaurant locations in the Chicagoland area by the end of the year. The first of the new locations opened in mid-September and is located at 4435 Fox Valley Center Drive in Aurora. The company plans to open a location in Orland Park, Illinois, in October and a location in Wheaton, Illinois, in November. The new Chicagoland locations are part of the 78 new locations that the company plans to open this year. Additionally, Chick-fil-A plans to expand its Midwest presence with a planned 2011 expansion in St. Louis.
DALLAS — Austin-based Chuy's, a Tex-Mex concept created in 1982, has opened its fourth location in the Dallas-Ft. Worth Metroplex. Located at 3908 Dallas Pkwy. along the Dallas North Tollway, Chuy's chose the location due to the daytime corporate population in opening its fourth Metroplex location. This is the 20th Chuy's opening and the restaurant is looking to expand throughout the Southeast. Dallas-based Foremark represented Chuy's in its site location
MASSACHUSETTS — Casual Italian restaurant Buca di Beppo has announced plans to open four new locations in the Boston metropolitan area by this fall. The new restaurants will be in Dedham, Lexington, Seekonk and Shrewbury. It is expected that the four restaurants will add more than 275 jobs to the state. Buca di Beppo is owned by Planet Hollywood International.
APPLE VALLEY, CALIF. — Hanley Investment Group Real Estate Advisors has represented the seller in the $2.275 million sale of the fee-simple ownership in the land leased to Red Robin Restaurant located at 18999 Bear Valley Road in Apple Valley. Through a NNN lease, Red Robin occupies the single-tenant, 5,532-square-foot pad building built in 2009 within the Jess Ranch Marketplace Phase III, a power center featuring Best Buy, Bed Bath & Beyond, Cinemark, 24 Hour Fitness and Jack in the Box. Hanley Investment Group’s Edward Hanley and William Asher represented the seller, Houston, Texas-based WRI Alliance Riley Venture III, in the all-cash transaction, and James Kwon of Coldwell Banker Best Realty represented the Corona, Calif.-based private-investor buyer.
NORTH CONWAY, N.H. — Marcus & Millichap has completed the sale of an Applebee's in North Conway for $2.18 million. The restaurant has more than 18 years remaining on its current lease with four 5-year options. It is located at 24 Settlers Green Dr. Robert Horvath and Todd Tremblay of Marcus & Millichap's Boston office procured the buyer, Salinger LLC. The seller was New York City-based DBAPPLEF LLC.
SAN DIEGO — The P & J Hennessey Irrevocable Trust has acquired a 4,500-square-foot restaurant building, located at 7811 Herschel Ave. in the La Jolla submarket of San Diego, for $1.375 million. Michael Spilky of Location Matters Restaurant & Retail Brokerage represented both the buyer and the seller, Buonsante Family Trust, in the transaction. For the past 24 years, BFT has operated the Santé Restaurant at the property, which will be completely renovated to house Hennessey’s Tavern’s 11th location and fourth in San Diego County.
PARKER, COLO. — Marcus & Millichap has brokered the $1.93 million sale of a Del Taco located within the Parker Hilltop Town Square shopping center at 11147 Pikes Peak Drive in Parker. Marcus & Millichap’s Jamie Medress represented the buyer and the seller, both limited-liability companies, in the transaction, in which the brokerage firm’s Michael Hoffman assisted.
WINSTON-SALEM, N.C. — Winston-Salem-based Krispy Kreme Doughnut Corp. has announced plans to expand its presence in the greater Philadelphia market. Under an agreement signed with Dough Nut LLC, 21 new Krispy Kreme locations will open over the next 7 years in southeastern Pennsylvania, southern New Jersey and northern Delaware. The first store is expected to open later this year. Dough Nut LLC is owned and operated by Keith Morgan, the former CEO of AAMCO Transmissions. Brian Zaslow, who most recently served as vice president of marketing for a division of ARAMARK Corp., will serve as managing director.
DERRY, N.H. — Marcus & Millichap has brokered the sale of a freestanding Applebee's Neighborhood Grill & Bar located in at 14 Manchester Road in Derry for $1.85 million. The restaurant currently has more than 18 years remaining on its lease, with four 5-year extension options. Robert Horvath, Todd Tremblay and Ethan Cole of Marcus & Millichap's Boston office procured the buyer, M Cohen Enterprises. The seller was New York City-based DBAPPLEF LLC.
PERRIS, CALIF. — Cassidy Turley BT Commercial has negotiated the almost $2.2 million acquisition of a 3,000-square-foot Jack in the Box building in Perris. Cassidy Turley’s Andy Bogardus and Jay Hagglund represented the buyer, a private investor, in the transaction.