Restaurants

Starbucks to Reopen More Than 85 Percent of Stores Nationwide by May 9

by Alex Tostado May 6, 2020

Seattle — This week, Seattle-based Starbucks started re-opening its company-operated stores across the United States. Operating under modified operations and hours, including heightened safety protocols, the company plans to have more than 85 percent of stores opened by May 9 and expects to have more than 90 percent of stores open by early June. The company is using its experience in China, where more than 98 percent of its store are open and operating under revised protocols, as the foundation for its re-opening in the United States amid the continued …

May 6, 2020

Arkansas Entertainment News Restaurants

Arkansas Governor: Gyms Allowed to Reopen Monday, Limited Dine-In at Restaurants May 11

by Alex Tostado May 1, 2020

Little Rock, Ark. — Arkansas Gov. Asa Hutchinson has rolled out Phase I plans for reopening the state. Hutchinson says gyms and fitness centers will be able to open Monday, May 4, while restaurants will be allowed to operate dine-in services at one-third capacity Monday, May 11. The guidelines for gyms and fitness centers include the use of facemasks for staff and patrons except when exercising, daily temperature checks for employees and patrons and social distancing of at least 12 feet while exercising. Additionally, Hutchinson placed restrictions on patrons who …

May 1, 2020

Company news Development New Jersey News Restaurants

German Doner Kebab Plans to Open 350 Restaurants in US, with First Location Slated for American Dream Mall

by Alex Tostado April 29, 2020

East Rutherford, N.J. — German Doner Kebab (GDK), a fast-casual restaurant chain, plans to open 350 restaurants in the United States over the next seven years. The first location will be within American Dream in East Rutherford. The Glasgow, Scotland-based company specializes in doner kebab, which is a slow-cooked meat often served on a flatbread. GDK operates more than 70 locations in the United Kingdom, Sweden, Dubai, Abu-Dhabi, Oman, and Bahrain. GDK also plans to open locations in Ireland and Saudi Arabia. New York City-based JAACRES is representing GDK in …

April 29, 2020

California Company news Georgia News Restaurants

Roark Capital Invests $200 Million in The Cheesecake Factory Amid Pandemic-Related Closures

by Alex Tostado April 21, 2020

Atlanta and Calabasas Hills, Calif. — Roark Capital Group, a private equity firm based in Atlanta, has invested $200 million in The Cheesecake Factory Inc., owner and operator of the chain of restaurants of the same name. The Calabasas Hills-based company also owns and operates the North Italia chain, as well as a collection of restaurants within the Fox Restaurant Concepts subsidiary. The funds will be used to immediately help The Cheesecake Factory navigate the COVID-19 pandemic, in which its dine-in service has been closed. The company, which has been …

April 21, 2020

Development New Jersey News Restaurants Retailers

Restoration Hardware Plans to Convert Historic Mansion in New Jersey Into Store, Restaurant

by Alex Tostado April 21, 2020

Morristown, N.J. — Restoration Hardware (RH) has unveiled plans to transform the 42-room Alnwick Hall mansion in Morristown, a western suburb of New York City, into an upscale home improvement store, restaurant and wine bar. The renaissance revival-style mansion was built in 1904 and modeled after a 16th-century British manor. The Morris Township Committee designated the property, which has been vacant for several years, as a non-condemned area in need of redevelopment in 2018. Next steps include receiving project approval from a local planning board, officially naming RH as the …

April 21, 2020

Florida Leasing News Restaurants Retailers

Bromley Signs Joffrey’s Coffee to Lease within Midtown Tampa Mixed-Use Development

by Alex Tostado April 21, 2020

Tampa, Fla. — Bromley Cos. has signed Joffrey’s Coffee & Tea Co. to a 1,500-square-foot lease within Midtown Tampa. The coffeehouse, which has been headquartered in Tampa since 1984, will open the flagship location near Midtown Commons, a central greenspace within the mixed-use project. Joffrey’s will serve a wide variety of coffee and tea beverage options including espresso, lattes, cold brew, nitro cold brew, ready-to-drink offerings, as well as premium iced and hot teas. Additionally, customers will be able to “create” latte art from pre-selected images, selfies and uploaded designs …

April 21, 2020

Company news Maryland News Restaurants

Continental Realty Launches Internal ‘Eat Local’ Stimulus Plan

by Alex Tostado April 15, 2020

Baltimore — Continental Realty Corp. (CRC) has launched an internal program to aid the restaurant industry in the communities it serves. CRC owns and operates retail centers and multifamily properties in Maryland, Virginia, North Carolina, South Carolina, Tennessee, Alabama, Georgia and Florida. Between April 14 and May 15, any CRC employee who provides a receipt for food items bought locally will be reimbursed up to $200. “We feel extremely strongly about initiating a program that benefits our loyal and hard-working team members and supports the restaurant sector,” says Crystal Frey, …

April 15, 2020

Company news News Restaurants Tennessee

TC Restaurant Group Lays Off 411 Employees at Five Honky-Tonks in Nashville Due to Coronavirus Closures

by Alex Tostado April 8, 2020

Nashville, Tenn. — TC Restaurant Group has filed a Worker Adjustment and Retraining Notification (WARN) Act with the Tennessee Department of Labor and Workforce Development to notify the agency of 411 employee layoffs stemming from closures due to the coronavirus (COVID-19) pandemic. The Ohio-based company operates five honky-tonks in downtown Nashville, including Jason Aldean’s Kitchen + Rooftop Bar, Luke’s 32Bridge Food + Drink, Luigi’s City Pizza, Tequila Cowboy and FGL House. TC Restaurant Group says the employees were laid off in mid-March, when the company temporarily closed the doors to …

April 8, 2020

California Content Partners Faris Lee Investments Investment sales News Restaurants

Faris Lee Negotiates $9.5 Million Sale of Property Within Restaurant Row in Southern California

by Alex Tostado March 31, 2020

Victorville, Calif. — Faris Lee Investments has negotiated the $9.5 million sale of a six-tenant, 11,300-square-foot building within Restaurant Row in Victorville. The property is fully leased to leased to Which Wich, Starbucks, Nekter Juice Bar, Pieology, Ono Hawaiian BBQ and Cafe Rio. The asset, which was built in 2017, is situated at 11604 Amargosa Road, seven miles south of downtown Victorville. Restaurant Row is a mile-long stretch of Amargosa Road that features 19 eateries, sit-down options and quick-service restaurants. Jeff Conover and Chris DePierro of Faris Lee represented the …

March 31, 2020

California Investment sales News Restaurants Retailers

Hanley Investment Group Arranges $3.1 Million Sale of Starbucks-Occupied Asset in Twentynine Palms

by Alex Tostado March 31, 2020

Twentynine Palms, Calif. — Hanley Investment Group Real Estate Advisors has brokered the sale of a newly built retail property located at 73690 Twentynine Palms Highway in Twentynine Palms. Fountainhead Development sold the asset to a Los Angeles-based private investor for $3.1 million, or $1,722 per square foot. Starbucks Coffee occupies the1,800-square-foot drive-thru property, which was built in this year. Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, while Taesoo Eo and Shirley Kim of RE/MAX Commercial’s Los Angeles office represented the buyer in the deal.

March 31, 2020

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