Chicago — SRS Real Estate Partners has brokered the $3 million sale of a single-tenant retail property located in Chicago. Wendy’s occupies the 4,031-square-foot building, which was built in 1983 and renovated in 2022, on a net-lease basis. Sean Lutz and Dan Elliot of SRS represented the seller, a California-based private investor, in the transaction. Bruce Lee and Hope Kim of New Star Realty represented the buyer, also a California-based private investor.
The City of New Orleans is famous for its events — from parades at Mardi Gras to its world-renowned Jazz Fest and food-themed festivals. The New Orleans Downtown Development District (DDD) is intent on using those celebratory events to drive the city’s visitors to experience and enjoy all the retail that the Canal Street commercial district has to offer. New Orleans’ focus on history, experiences and food makes stopping and enjoying Downtown New Orleans a natural activity for visitors. Famous restaurants, upscale retailers, music and cultural attractions, plus exciting events repeatedly draw tourists …
Glendale, California is home to some of Southern California’s most popular destinations and its draw for merchants, residents and visitors is undeniable. Brookfield’s Glendale Galleria and Caruso’s The Americana at Brand are two of the top shopping centers in California, iconic locations for major retailers. What can Glendale offer to make itself even more attractive for a wider range of businesses? The city is focused on streamlining permitting systems and offering a concierge service to ensure promptness, according to Bradley Calvert, director of community development for the City of Glendale. “Typically we assign a …
Simi Valley, Calif. — NAI Capital Commercial has brokered the $2 million sale of a 5,708-square-foot restaurant building in Simi Valley. Situated within Woodlands Plaza, the property was formerly occupied by Cocos and vacant at the time of sale. Michael Schiff of NAI represented both the buyer, SSA California Properties LLC, and the seller, Barsky Family Limited Partnership, in the transaction. The new owner plans to open and operate a breakfast restaurant.
Chamblee, Ga. — terra alma has been selected to curate the vendor lineup at Chamblee Tap & Market, a taproom and micro food hall project currently underway in Chamblee, roughly 15 miles outside Atlanta. Scheduled to open by early 2024, the development will feature Sidecar Coffee and a taproom equipped with 20 taps, as well as three food stalls. Jeff Kimmel and David Heymann are the owners of the property.
Katy, Texas — Five new restaurants totaling 12,089 square feet will open at Katy Grand, a dining and entertainment destination located in Katy, roughly 30 miles west of Houston. Korean Steak House & Bar will lease 4,971 square feet at the development, and Uncle Tetsu and Wushiland Boba will open restaurants comprising 1,050 and 1,405 square feet, respectively. Additionally, Patis & Toyo will occupy 1,533 square feet and Fat Boys Pizza will lease 3,850 square feet. All of the restaurants will join the development — which totals 944,803 square feet — …
Broomall, Pa. and Philadelphia — Federal Realty Investment Trust has signed four new tenants to shopping centers in metro Philadelphia. Dave’s Hot Chicken and Crave Cookies will open at Northeast Shopping Center in Philadelphia, leasing 2,995 and 1,279 square feet, respectively. Additionally, J. Crew Factory and Honeygrow will open locations at Lawrence Park Shopping Center, a retail center located in Broomall, roughly 30 miles outside Philadelphia. J. Crew will open a 4,150 square-foot-store and Honeygrow will occupy 1,999 square feet. All of the tenants are scheduled to open this year.
Just 25 miles north of Dallas sits Frisco, Texas, a city that’s famous for The Star — the 91-acre Dallas Cowboys’ world headquarters and practice facility. Like many Texans, Jeff Cheney, mayor of Frisco, loves The Star, but he loves even more the opportunities it provides to residents, visitors, nearby businesses and anyone who wants to be a part of the action. “With seven million visitors a year, we’re known as ‘Sports City USA,’” Mayor Cheney says. “One of the biggest things you can do as a city is help local …
Mission Viejo and Palm Desert, Calif. — SRS Real Estate Partners has brokered the $15 million sale of two single-tenant retail properties in Southern California. Located in Mission Viejo and Palm Desert, the buildings are occupied by Chick-fil-A on triple-net ground leases. Jimmy Slusher, Eric Shain and John Read of CBRE represented the seller of the 4,800-square-foot Mission Viejo property, a local private investor. The Palm Desert property comprises 4,738 square feet situated on 1.6 acres within Monterey Crossing Shopping Center. Timothy Genske of CBRE and Bruce Bailey of The …
Houston — Hospitality group Noble 33 has announced plans to open two restaurant concepts at The Pavilion at The Allen shopping center in Houston. Toca Madera will occupy 11,103 square feet with a seat count of 393, and Meduza Mediterrania will comprise 9,732 square feet with a 289-seat occupancy. The openings are scheduled for this fall and early next year, respectively. Noble 33’s in-house design firm Monochrome Concept oversees both concepts. Abel Design Group will provide architecture and design services and Construction Concepts will handle construction of the restaurants.
