COLLEYVILLE, TEXAS — The grand opening has been held for Main Street Chop & Fish House, a new steak and seafood restaurant located in Colleyville. The restaurant is situated on the second floor of 62 Main St. within The Village at Colleyville mixed-use development. It features a bar, a private dining room and tall windows that overlook the Main Street-style project. The Village at Colleyville. It includes two- and three-story buildings containing a mix of retail, restaurant, office and residential uses.
Restaurant
HOUSTON — Marcus & Millichap has brokered the sale of the former Bissonnet Corner Restaurant, a vacant 3,021-square-foot restaurant located 12180 Bissonnet St. in Houston. The property was originally built in 1985 and was renovated in 2000. Justin Miller of Marcus & Millichap’s Houston office represented the seller, a Texas-based private investor. The property was purchased by another Texas-based private investor/user. The acquisition price was not released, but the property listed for $500,000.
JEFFERSON CITY AND COLUMBIA, MO. — Carpinteria, Calif.-based CKE Restaurants Inc. has sold 11 Hardee’s restaurants located in the Jefferson City and Columbia markets. Rising Stars LLC has purchased the units for an undisclosed amount. In addition to the acquisitions, Rising Stars has committed to build a minimum of three new Hardee’s restaurants in the two markets over the next 5 years. The transaction was brokered by Franchise Resale Consultants, d/b/a Praetorian Group. The sale marks the completion of the strategic refranchising program that CKE Restaurants originally announced in April 2007. Under the refranchising program, CKE Restaurants sold a total of 238 Hardee’s units to franchisees, and secured commitments for 115 new franchise restaurants under development agreements for those markets. The company sold 38 more units than it had originally announced it would refranchise. CKE Restaurants currently owns 477 Hardee’s restaurants and 415 Carl’s Jr. restaurants. To date, for fiscal 2009, CKE Restaurants has entered into a total of 20 franchise development agreements representing commitments for 380 restaurants. The principals of the franchisee purchasing the 11 Hardee’s restaurants currently own and operate more than 100 Carl’s Jr. and Hardee’s restaurants throughout the United States.
CAMDEN, N.J. — The grand opening has been held for Market Street Pizzeria & Italian Bistro, a new restaurant located at One Market St. in Camden. The restaurant, which is owned by Jeff Anastasi and Joe Cavalieri, is situated on the ground floor of The Victor Lofts, a 341-unit luxury loft apartment building owned by Philadelphia-based Dranoff Properties. The Victor is located on the Camden waterfront, and consists of the adaptive reuse of the historic RCA Victor cabinet manufacturing building. Market Street features seating for 34, as well as take-out and delivery service for residents of The Victor. Other retailers at The Victor Lofts include The Victor’s Pub, Susquehanna Bank, Miss G’s, Park ‘N Clean Dry Cleaners, Symphony in C and Rita’s Water Ice.
BARTLETT, ILL. — Edgemark Commercial Real Estate has arranged the acquisition of a 43,560-square-foot pad for a proposed Sonic Drive-In located at the southwest corner of Route 59 and Stearns Avenue in Bartlett. Sonic Drive-In has acquired the site in order to expand its business in the Midwest. Tyson Fraser and Al Rodenbostel of Edgemark Commercial Real Estate Services represented the buyer; Mike Wesley and Joanne Sutryk, also of Edgemark, represented the seller in the transaction. The acquisition price was not disclosed.
CHICAGO — Chicago-based U.S. Equities Realty has completed an outparcel sale within Stony Island Plaza, a 175,000-square-foot retail center located at the intersection of 95th Street and Stony Island Avenue. Heartland Food Corp., a franchisee of Burger King fast food restaurants, has purchased the parcel in order to develop a new concept for the restaurant. The new Burger King will feature a working fireplace, a high definition plasma television, Wi-Fi access and a double drive-thru. Construction of the restaurant is underway, with completion expected before the first quarter of 2009. U.S. Equities sold the development in 2004, but continues oversee property management and leasing for the center. Additional tenants at Stony Island Plaza include Jewel-Osco, Bank of America, KFC and A.J. Wright. The acquisition price for the .8-acre parcel was not disclosed.
PLYMOUTH MEETING, PA. — Plymouth Meeting-based RAS Brokerage has arranged three Pennsylvania leases for Plaza Azteca Restaurantes Mexicanos. The restaurant chain will open a 6,921-square-foot location in a freestanding building near the intersection of Plymouth Road and Germantown Pike in Plymouth Meeting, as well as another freestanding, 6,400-square-foot location in Wyomissing across from Berkshire Mall. Finally, the chain will open a 4,600-square-foot location for its high-end concept, Salsa’s Mexican Grill, in front of Montgomeryville Mall in Montgomeryville. Marc Mandel of RAS Brokerage represented the tenant in each of the lease transactions. Plaza Azteca is based out of Virginia Beach, Va., and plans to expand into the New England area, specifically, Pennsylvania, New Jersey and Delaware, over the course of the coming year.
PHILADELPHIA — The Falcone Group has signed Philadelphia restaurant Rae to 11,000 square feet at The Residences at Two Liberty Place in Philadelphia. The restaurant will relocate from its previous spot in Philadelphia’s Cira Centre to the 37th floor of the Two Liberty Place building — making it the highest restaurant in the region. The restaurant, which is run by executive chef David Stern, will share the floor with The Residences’ 10,000-square-foot Owner’s Club. In addition to serving the general public, Rae will provide preferred seating for residents of the tower, as well as room service. The Residences at Two Liberty Place comprises the top 20 floors of the Two Liberty Place Tower. It consists of 90 units that span from the 40th to the 57th floor of the building. First occupancies began in March, and full occupancy is expected in 2009.
DALLAS — Phoenix-based Opus West Corp. has signed its first five retail tenants for Broadstone Parkway, a 5.8-acre multi-use project located at the intersection of Inwood, Galleria and Simonton roads in Dallas. The new tenants include Hibashi, a 9,988-square-foot Teppan grill and sushi bar; Chill Bubble Tea, a 1,150-square-foot smoothie store; L’Image Salon, a 1,537-square-foot, full-service beauty salon; Firehouse Subs, a 2,000-square-foot sandwich shop; and Lover’s Egg Roll, a 2,000-square-foot Chinese restaurant. With the recent leases, the 39,000-square-foot retail and restaurant component of the project is approximately 50 percent leased. Developed by Opus in partnership with Alliance Communities, Broadstone Parkway features 333 luxury apartments and townhomes, along with the retail component and a five-story parking garage. The Weitzman Group is handling leasing efforts for the retail component of the project.
NEW YORK CITY AND SYRACUSE, N.Y. — New York City-based Branded Concept Development has been selected to provide construction management services for two construction projects for Dinosaur Bar-B-Que. The restaurant’s Harlem location is moving to the corner of 12th Avenue and 125th Street, across the street from its present location, to accommodate the expansion of Columbia University. The new restaurant will total 7,200 square feet. Additionally, Dinosaur Bar-B-Que is adding a second level to its flagship Syracuse location. The approximately 3,700-square-foot space will be designed to resemble a beer hall, and will feature additional dining space, private event space and a concert venue.