Kentucky

Pizza-Hut
Investment salesKentuckyNewsRestaurants

Yum Brands Agrees to Sell Pizza Hut in Two Separate Transactions Totaling $2.7 Billion

by Abby Cox

Louisville, Ky. — Yum! Brands Inc., the Louisville-based operator of the Pizza Hut, Taco Bell and KFC franchises, has entered into an agreement to sell the Pizza Hut chain across two separate transactions with a combined value of $2.7 billion. LongRange Capital, a private equity firm based in Stamford, Conn., has agreed to purchase Pizza Hut outside of mainland China for approximately $1.5 billion. The company is financing its acquisition using funds from UBS Investment Bank. Yum China Holdings Inc., which is based in Shanghai and was spun off from …

Continue Reading
0 FacebookTwitterLinkedinEmail
PJs-Coffee-non-trad
DevelopmentKentuckyNewsRestaurants

PJ’s Coffee Signs Seven-Unit C-Store Agreement in Kentucky

by Abby Cox

Lexington, Ky. — PJ’s Coffee of New Orleans has signed a seven-unit license agreement with Steve Estepp, founder of Estepp Energy and Coffee Dudes LLC, to expand the New Orleans coffee brand throughout convenience stores in Central Kentucky. The company operates more than 13 convenience stores across Kentucky and is expanding its portfolio with complementary brands including Freddy’s Frozen Custard & Steakburgers, Little Caesars and now PJ’s Coffee. Alongside the company’s operating partner, Brendon Farrar, the group plans to introduce PJ’s Coffee to its stores through a combination of full cafés …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newport-Pavilion
Grocery-anchoredInvestment salesKentuckyNews

Newmark Brokers Sale of 332,309-Square-Foot Shopping Center in Newport, Kentucky

by Abby Cox

Newport, Ky. — Newmark has brokered the sale of Newport Pavilion, a 332,309-square-foot power center in Newport, which is situated across the Ohio River from downtown Cincinnati. Newport Pavilion is co-anchored by Kroger and Target and was fully leased at the time of sale to tenants including Dick’s Sporting Goods, T.J. Maxx, Michael’s, Ulta Beauty, Chipotle Mexican Grill and PetSmart. The property sits on 55 acres and benefits from a long-term PILOT agreement through 2037. Conor Lalor, Kyle Minter, Keely Polczynski, James Sharp V and Brian Schneiderman of Newmark represented …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFloridaIndianaKentuckyNewsRetailers

BJ’s Wholesale to Open New Locations in Three States

by Abby Cox

Marlborough, Mass. — BJ’s Wholesale Club is set to open new locations in Kentucky, Florida and Indiana. The new clubs are part of the Marlborough, Massachusetts-based company’s ongoing strategy to open 25-30 new clubs every two years. The new clubs will be in: • Frankfort, Kentucky • Ocala, Florida • Lecanto, Florida • Port St. Lucie, Florida • Portage, Indiana With the announcement of these locations, BJ’s plans to open a total of 12 new clubs in the 2026 fiscal year, inclusive of BJ’s recent launch in Texas with four …

Continue Reading
0 FacebookTwitterLinkedinEmail
AlabamaInvestment salesKentuckyMichiganNewsNorth CarolinaTennesseeVirginia

ARCTRUST Purchases Seven-Property Net Lease Portfolio in Six States

by Abby Cox

New York — ARCTRUST Private Capital, the capital markets division of the ARCTRUST Group of Cos., has acquired a seven-property, single-tenant net lease portfolio in six states including North Carolina, Alabama, Kentucky, Michigan, Tennessee and Virginia. The portfolio, which spans approximately 51,192 square feet, comprises two Pinnacle Bank locations, three CVS Pharmacy locations and two NAPA Auto Parts. The portfolio features a 13.6 weighted average lease term, with contractual rent increases and renewal options across all properties. Each property operates on an absolute triple-net lease basis. The two Pinnacle Bank …

Continue Reading
0 FacebookTwitterLinkedinEmail
fritz-farm-expansion
DevelopmentKentuckyMixed-useNews

Hendricks to Invest $14.1 Million for Retail Expansion at Fritz Farm Mixed-Use Development in Lexington, Kentucky

by Abby Cox

Lexington, Ky. — Beloit, Wisconsin-based Hendricks Commercial Properties (HCP) will invest $14.1 million to expand the retail offerings at Fritz Farm, a 52-acre mixed-use development located in Lexington. The expansion will add three new retail buildings and more than 30,000 square feet of retail and restaurant space at the property. Construction is expected to begin this month, while shell spaces are anticipated to be delivered to tenants in December. Originally developed as The Summit at Fritz Farm by Bayer Properties (now part of Centennial Real Estate), the center opened in 2017 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesKentuckyNews

SRS Real Estate Negotiates Sale-Leaseback of 3,250-Square-Foot Single-Tenant Retail Property in Louisville, Kentucky

by Abby Cox

Louisville, Ky. — SRS Real Estate Partners has negotiated the sale-leaseback of a newly redeveloped, single-tenant retail property in Louisville. Taco Bell occupies the 3,250-square-foot building. Sarah Shanks and Morgan Zant of SRS Real Estate Partners represented the seller, Southpaw, a Connecticut-based Taco Bell franchisee. The buyer was a California-based private investor. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Indian-Trail-Square-Louisville
Investment salesKentuckyNews

Cushman & Wakefield | Commercial Kentucky Negotiates Sale of 289,937-Square-Foot Shopping Center in Louisville, Kentucky

by Abby Cox

Louisville, Ky. — Cushman & Wakefield | Commercial Kentucky has negotiated the sale of Indian Trail Square, a 289,937-square-foot shopping center located in Louisville. The property’s tenant lineup includes Save A Lot, Dollar Tree, Ollie’s Bargain Outlet and Citi Trends. Lexington, Kentucky-based BC Wood Properties sold the 30-acre center to an undisclosed buyer. The sales price was also not disclosed. Craig Collins and Austin English of Cushman & Wakefield | Commercial Kentucky, along with Evan Halkias, Hank Davis and David Matheis of Cushman & Wakefield, represented the seller in the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Smalls Sliders
DevelopmentKentuckyNewsRestaurantsTennessee

Smalls Sliders Signs Four-Unit Franchise Agreement Across Kentucky, Tennessee

by Abby Cox

Atlanta — Atlanta-based cheeseburger slider concept Smalls Sliders has signed a franchise agreement to open four new units across Kentucky and Tennessee, marking the brand’s second appearance in both states. Entrepreneur Matthew Robinson will own and operate the restaurants, which are dubbed “Cans.” Following recent multi-unit deals in Lexington, Kentucky, and Knoxville, Tennessee, Smalls Sliders’ newest locations will include Cans in Bowling Green, Kentucky, and three other locations throughout Clarksville and Henderson, Tennessee. The first of the four restaurants is anticipated to open next year. Founded in 2019, Smalls Sliders has …

Continue Reading
0 FacebookTwitterLinkedinEmail
Westport Village
Investment salesKentuckyNews

Berkeley Capital Advisors Negotiates $39 Million Sale of Westport Village Shopping Center in Louisville

by Abby Cox

Louisville, Ky. — Berkeley Capital Advisors has negotiated the sale of Westport Village, a 170,249-square-foot shopping center located in Louisville. An affiliate of Richmond, Virginia-based Hackney Real Estate Partners purchased the center from an affiliate of Savannah, Georgia-based Wicker Park Capital Management for $39 million. David Webb, Alex Quarier and Alex McDonald of Berkeley Capital Advisors represented the seller in the transaction. Situated on 13.4 acres roughly 10 miles west of downtown, Westport Village houses 45 tenants, including Apricot Lane Boutique, Bend and Zen Hot Yoga, BoomBozz Pizza & Watch …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts