Restaurant

Caliber Collision, Starbucks to Open at Southtown Centre in Fort Wayne, Indiana

by Kristin Harlow March 7, 2022

FORT WAYNE, IND. — Caliber Collision and Starbucks have signed leases to open at Southtown Centre in Fort Wayne. Caliber Collision will open a store at 7851 Southtown Crossing, marking its second location in Fort Wayne. Starbucks will lease a 2,225-square-foot building set to be constructed later this year at 7800 S. Anthony Blvd. Barry Sturges, Neal Bowman and Phil Hagee of Sturges Property Group represented Caliber Collision. Sturges worked with the Fort Wayne Redevelopment Commission and the developer, The Elia Group, on the Starbucks deal.

March 7, 2022

Kansas Leasing Activity Midwest Restaurant Retail

Martin City Pizza to Open in Lenexa City Center

by Kristin Harlow March 4, 2022

LENEXA, KAN. — Martin City Pizza and Taproom will open at the Hampton Building within Lenexa City Center in Kansas. The brewery and restaurant, which is slated to open in late spring or early summer, will span more than 6,000 square feet and feature an outdoor patio. Martin City has three other locations in Martin City, Lee’s Summit and Mission Farms. Copaken Brooks owns Lenexa City Center, which will consist of office, retail and residential space upon full buildout. Erin Johnston of Copaken Brooks represented ownership on an internal basis.

March 4, 2022

Acquisitions Oregon Restaurant Retail Western

Pine Tree Acquires 269,710 SF Sunset Esplanade Shopping Center in Hillsboro, Oregon

by Amy Works March 4, 2022

HILLSBORO, ORE. — Northbrook, Ill.-based Pine Tree, in partnership with a U.S. state pension fund, has purchased Sunset Esplanade, a neighborhood retail center in Hillsboro, for $65.9 million. Target, Safeway, Ross Dress for Less, Petco and Starbucks Coffee are tenants at the 269,710-square-foot shopping center, which is located along SE Tualatin Valley Highway. Faris Lee Investments brokered the transaction. The name of the seller was not released.

March 4, 2022

Acquisitions Colorado Restaurant Retail Western

Monfort Cos. Sells Retail Property in Denver’s LoDo Neighborhood for $24M

by Amy Works March 3, 2022

DENVER — Monfort Cos. has completed the sale of 1946 Market Street, a retail building located in Denver’s LoDo neighborhood. Jim Blumenthal, a local real estate investor, acquired the asset for $24 million. Monfort Cos. and Riot Hospitality Group will continue to lease and operate Dierks Bentley’s Whiskey Row, which recently opened in the 22,000-square-foot property following a renovation of the original building, including a 6,000-square-foot addition. Whiskey Row opened in New Year’s Eve.

March 3, 2022

Leasing Activity Restaurant Retail Texas

Federal American Grill Opens 7,218 SF Restaurant in The Woodlands, Texas

by Taylor Williams March 2, 2022

THE WOODLANDS, TEXAS — Federal American Grill, a concept focused on steaks, seafood and whiskey cocktails, has opened a 7,218-square-foot restaurant in The Woodlands, located about 30 miles north of Houston. The location at Wood Ridge Plaza Shopping Center is the restaurant’s fourth in the Houston area. David Littwitz of Littwitz Investments represented Federal American Grill in the lease negotiations. Katherine Wildman of Wulfe & Co. represented the landlord, and entity doing business as CH Realty VI/R Houston Wood Ridge LP.

March 2, 2022

Acquisitions Illinois Midwest Restaurant Retail

Adelphia Properties Arranges Sale of 14,000 SF Former Restaurant Building in Elmhurst, Illinois

by Kristin Harlow February 28, 2022

ELMHURST, ILL. — Adelphia Properties has arranged the sale of a 14,000-square-foot former restaurant building in Elmhurst, about 20 miles west of Chicago. Arena Sports Bar & Grille formerly occupied the property, located at 630 W. Lake St., for more than 35 years. Simeon Spirrison and George Spirrison of Adelphia represented the seller, the proprietor. A local investor purchased the asset for an undisclosed price.

February 28, 2022

Acquisitions California Restaurant Retail Western

Levin Johnston, Taycon Real Estate Broker $36M Sale of El Gato Village Shopping Center in Los Gatos, California

by Amy Works February 28, 2022

LOS GATOS, CALIF. — Levin Johnston of Marcus & Millichap and Taycon Real Estate have arranged the sale of El Gato Village Shopping Center, a retail property situated on 3.4 acres in Los Gatos. A family trust sold the asset to a privately held real estate investment and development company for $36 million. Adam Levin of Levin Johnston and Marko Buljan of Taycon Real Estate represented the seller and procured the buyer in the deal. Located at 15710 Los Gatos Blvd., the center features 58,519 square feet of retail space. At the time of sale, the property was 97 percent occupied. Current tenants include Nob Hill Foods, Chase Bank, Los Gatos Café Uptown, Una Mas Mexican Grill, PostalAnnex and Baskin-Robbins.

February 28, 2022

Alabama Development Leasing Activity Restaurant Retail Southeast

PBR x Lockhart Smokehouse to Open at Bridge Street Town Centre in Huntsville

by Julia Sanders February 24, 2022

HUNTSVILLE, ALA. — PBR x Lockhart Smokehouse is opening this year at Bridge Street Town Center, a mixed-use development in Huntsville. The dining concept is a partnership between the Professional Bull Riders (PBR) Cowboy Bar, Lockhart Smokehouse and Live! Concepts. Bayer Properties is the developer for the Bridge Street Town Center. PBR Cowboy Bar’s Country-Western experience will be joined with Lockhart Smokehouse’s Texas barbecue in the dining concept. The location at Bridge Street Town Center will be Lockhart Smokehouse’s first location outside of Texas. PBR x Lockhart Smokehouse will take up 8,121 square feet of space. Bridge Street Town Centre features over 50 tenants including Apple, Athleta, H&M and Sephora. The development recently added The Cheesecake Factory and soon will open Main Event. The property is also home to more than 207,000 square feet of Class A office space that is fully leased, as well as a 232-room Westin hotel, 150-room Element by Westin hotel, 244-unit Seleno apartment complex and a 131-room Hyatt Place Hotel.

February 24, 2022

Acquisitions Michigan Midwest Restaurant Retail

Dunkin’ Sells 1,809 SF Restaurant Building in Southgate, Michigan

by Kristin Harlow February 24, 2022

SOUTHGATE, MICH. — Dunkin’ has sold its former restaurant building on Eureka Road in Southgate, about 14 miles southwest of Detroit. The retailer is relocating from the 1,809-square-foot building to a different building down the street that features a drive-thru. Michael Murphy, Vicki Gutowski and Tjader Gerdom of Gerdom Realty & Investment worked with Excess Space Retail Services to represent Dunkin’ in the sale. Jordan Jabbori of CMP Real Estate Group represented the buyer, a local restaurant owner that plans to open a new restaurant in the space.

February 24, 2022

Acquisitions Midwest Minnesota Restaurant Retail

Hanley Investment Group Negotiates $3.5M Sale of Raising Cane’s Ground Lease in Metro Minneapolis

by Kristin Harlow February 23, 2022

ST. CLOUD, MINN. — Hanley Investment Group Real Estate Advisors has negotiated the $3.5 million sale of a Raising Cane’s ground lease in St. Cloud near Minneapolis. Built in 2021, the 3,493-square-foot restaurant building is located at 2635 W. Division St. Jeff Lefko and Bill Asher of Hanley, in conjunction with Rob Wise of CBRE, represented the seller, Minneapolis-based TOLD Development Co. Chris Rodriguez of Pacific Commercial Investments Inc. represented the buyer, California-based Caravella Properties.

February 23, 2022

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