Dallas — TGI Fridays Inc., which owns and operates 39 U.S. restaurants, has voluntarily filed for Chapter 11 bankruptcy protection in the Northern District of Texas. The Dallas-based operator cited long-running declines in sales dating back to the pandemic as the main impetus behind the filing. All independently owned and operated franchise locations, both foreign and domestic, are unaffected by the filing. An entity doing business as TGI Fridays Franchisor LLC, which owns the TGI Fridays brand and other intellectual property, was also unaffected. TGI Fridays Inc. has secured a commitment …
Atlanta — Atlanta-based cheeseburger slider concept Smalls Sliders has signed a new, four-unit franchise agreement in Georgia. DPC Smalls Investments will own and operate the restaurants, with the first scheduled to open in 2025. DPC Smalls is considering locations including Albany, Valdosta, Tifton and Brunswick for the new units, all of which will open within the next five years. With the new agreement, the franchisee and Smalls Sliders will open a total of 20 restaurants, dubbed “Cans,” in Florida and Georgia.
Houston — Katz’s Deli, a 24-hour restaurant concept, has signed a 6,300-square-foot lease in Houston. Construction on the new restaurant, which will be situated within the Memorial City mixed-use development, is scheduled to begin in early 2025. Delivery of the development is expected by early 2026. MetroNational owns and manages Memorial City. Larry Plotsky of the Plotsky Group and Meredith Cullen of Cushman & Wakefield represented the tenant in the lease negotiations, and Danna Diamond represented MetroNational on an internal basis. This marks the fifth location in the Houston market for …
Lubbock, Texas — Cousins Maine Lobster (CML) has signed a new, multi-unit deal with franchisees Chris Wilson and Gary Andrews of Lubbock. Wilson and Andrews currently own and operate six Slim Chickens restaurants throughout metro Lubbock and have launched their first CML food truck in the area, serving the markets of Amarillo, Midland, Odessa, Wichita and San Angelo. The grand opening was Oct. 26, at West End Shopping Center in Lubbock. “After six years of operating in Teas, we are thrilled to announce our expansion into West Texas,” says Angela Coppler, …
New York City — Brooklyn Navy Yard Development Corp. (BNYDC) will open a new, 40,000-square-foot food hall in Brooklyn. Situated within the ground floor of Building 77 at the Brooklyn Navy Yard property, the venue is scheduled to open Oct. 19. Concepts at the food hall, dubbed Market @77, will include Russ & Daughters, Hungry House, Jalapa Jar, Pizza Yard, Sabor, Rustik Tavern, Transmitter Brewing and She Wolf Bakery. The BNYDC is a not-for-profit corporation that serves as the developer and manager of the property on behalf of the City of …
Alameda, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $4 million sale of a single-tenant retail property located in Alameda, roughly 15 miles east of San Francisco. Jack in the Box occupies the building, which totals 2,583 square feet and features a drive-thru. Originally built in 1991, the property is situated within the shopping district of Downtown Alameda. Bill Asher, Jeremy McChesney and Jeff Lefko of Hanley, with Cherie Huillade of Colliers, represented the seller, CalBay Development, in the transaction. Jake Kim of Pinnacle Estate Properties represented the …
Greenville, S.C. — Four new food-and-beverage tenants will join the roster at Greenville County Square, a $1 billion mixed-use redevelopment currently underway by RocaPoint Partners in downtown Greenville. Mama’s Comfort Food & Cocktails, Leo’s Italian Social, CRÚ Food & Wine Bar and MOA Korean Barbeque have signed leases at the 40-acre project, which will be anchored by a Whole Foods Market grocery store. The new concepts bring the number of committed eateries at Greenville County Square to 15, including The Perch Kitchen & Tap, The Salty Donut, Ben & Jerry’s and JINYA …
Livingston, N.J. — Delivery-first food hall concept Wonder has opened a new, 4,544-square-foot venue in Livingston, marking its eighth location in the state. Wonder Livingston features more than 30 restaurants, including Alanza, Bellies, Bobby Flay Steak, Chai Pani, Di Fara Pizza, Fred’s Meat & Bread, Tejas Barbecue and Wing Trip. Patrons can order through a proprietary app, with pick-up and limited dine-in options also available.
A&G Real Estate PartnersContent PartnersDevelopmentEconomic DevelopmentFeaturesFinanceIndustry ContentLeasingNet leaseRestaurantsRetailersVideosWebinar
Webinar: Market Outlook — Insights on Retail, Consumers, REITs, NNN & Shopping Centers
The Sept. 27 Shopping Center Business webinar “Market Outlook — Insights on Retail, Consumers, REITs, NNN & Shopping Centers” covered the state of the retail industry, focusing on consumer behavior and the financial health of retailers. Be sure to tune in to the 6-minute mark of this webinar for a clear-eyed, informative breakdown of key retail trends from moderator Dana Telsey of Telsey Advisory Group. Panelists discussed a shift in consumer spending toward value and discount retailers, with a slowdown in luxury goods consumption. The webinar also explored challenges in the retail sector, including increased …
Providence, R.I. — Marsella Development Corp. is underway on Track 15, an 18,000-square-foot food hall situated within the historic Union Station building in Providence. Scheduled to open in February 2025, the Track 15 will feature the food vendors including Little Chaska, Tolia, Dune Brothers, Dolores, There There, Giusto PVD and Mother Pizzeria PVD. In addition to the vendor spaces, the $25 million development will feature indoor and outdoor seating for roughly 600, an entertainment venue and a 10,000-square-foot plaza.
Newer Posts