DALLAS — Dallas-based Legendary Restaurant Brands, the parent company of several restaurant chains including Bennigan’s, has signed a master development agreement to bring up to 100 new restaurants to California.
Glen Mills, Pa. — Commercial real estate lender Holliday Fenoglio Fowler (HFF) has arranged $60 million in financing for Concordville Town Centre, a 397,188-square-foot, Home Depot- and Acme Markets-anchored retail center in Glen Mills, a Philadelphia suburb.
Niles, Ill. — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant trophy Walmart ground lease located at 5630 West Touhy Avenue in Niles for $9.69 million. The property was sold at the lowest cap rate ever recorded for a single-tenant Walmart property transaction above $5 million, according to Real Capital Analytics.
Chattanooga, Tenn. — CBL & Associates Properties Inc. (NYSE:CBL), an owner and developer of malls and shopping centers, has added Monique Berke to its team as vice president of business transformation. Berke will be responsible for overseeing project teams and implementation of the company’s business and technology initiatives.
Sevierville, Tenn. — Casual dining franchise Quaker Steak & Lube has signed a franchise development agreement with Tri C Inc. to bring the brand to Tennessee by developing a new restaurant in the Sevierville/Pigeon Forge area.
Tampa, Fla. — Chicken Salad Chick will open its first Tampa restaurant near the University of South Florida this summer.
Boston — Fantini & Gorga has arranged $9 million in permanent first mortgage financing for two Massachusetts retail properties, including a Walgreens in Newton Centre and a multi-tenanted property in Burlington, on behalf of a Boston-based family investment and development firm.
North Myrtle Beach, S.C. — RealtyLink LLC and Branch Properties LLC have completed the $60 million Coastal North Town Center, a 315,000-square-foot power center situated in North Myrtle Beach.
Round Lake Beach, Ill. — CBRE has secured the financial loan of a single-tenant retail building occupied by Kohl’s located in Round Lake Beach for $7.2 million.
Chicago and Hoffman Estates, Ill. — Sears Holdings Corp. and General Growth Properties Inc. have entered into a real estate joint venture under which Sears Holdings has contributed 12 of its properties located at GGP-owned malls for approximately $330 million.