Alpharetta, Ga. — Japanese ramen chain Kyuramen has opened a new restaurant in Alpharetta, a suburb of Atlanta. Totaling 4,200 square feet, the space can accommodate up to 110 guests. This marks the third location in the state for the brand, which currently operates 26 stores throughout the U.S., with plans to open 100 more restaurants by the end of 2024.
Atlanta — Atlanta-based cheeseburger concept Smalls Sliders has expanded, with 200 total restaurants now open or under development. The brand currently has stores, referred to as “Cans,” operating across Louisiana and Mississippi, with openings scheduled in 13 states throughout the Southeast and Midwest. “We look forward to continuing this path of growth, and hopefully announcing our next milestone of 300 Cans under development very soon,” says Maria Rivera, CEO of Smalls Sliders.
Miami Beach, Fla. — Four new retailers have joined Lincoln Road, a retail development spanning eight blocks in Miami Beach. Food-and-beverage concepts OAKBERRY, Ladurée and Pizzeria Romana now occupy 560, 302 and 1,900 square feet at the center, respectively. Jewelry brand MAJORICA has also opened a 1,400-square-foot store at Lincoln Road. Additionally, eyewear retailer Oakley reopened at the property in February.
Pleasant Grove, Utah — Three restaurants have signed new leases at Valley Grove, a mixed-use property currently being developed by St. John Properties in Pleasant Grove. Upon full build-out, the cost of the project, which features office, retail, hotel and research and development space, is expected to total $1.2 billion. Wayback Burgers, The Smoked Taco and Sip’N Drinks & Treats are scheduled to open at the property later this year, occupying spaces totaling 6,011 square feet. Ryan Stewart, Erik Hulbert and Chris Flesner of Mountain West Commercial represented Wayback Burgers in …
Baltimore — Kneads Bakeshop has signed a 1,302-square-foot lease to open a bakery and coffee shop within The Village of Cross Keys shopping center in Baltimore. Scheduled to open this fall, the store will be located in a new jewel box building, situated between Always Ice Cream Co. and a new Asian restaurant being opened by Atlas Restaurant Group. Caves Valley Partners is the landlord at the property, which recently underwent renovations. Two new restaurant pads are also currently underway at the center, with completion scheduled for later this year.
Orlando, Sarasota and Tampa, Fla. — Beverage concept Sip Fresh has signed a franchise deal for the development of three new stores in Florida. Franchisee Ryan McGrail will own and operate the stores, which will be located in Orlando, Sarasota and Tampa. Sip Fresh also recently signed multi-unit deals throughout California.
Springfield, Ill. — Marcus & Millichap has negotiated the $2.4 million sale of a 4,480-square-foot single-tenant property located in Springfield. IHOP occupies the building. The property is situated just north of Capital City Shopping Center, which is occupied by tenants including AMC, Big Lots, Panera Bread and McDonald’s. Mark Ruble and Chris Lind of Marcus & Millichap represented the seller, a limited liability company. Steven Weinstock of Marcus & Millichap assisted in closing the transaction, including a triple-net lease with a franchisee and 10 percent rental increases every five years.
Fayetteville, Ark. — Arkansas-based Slim Chickens has signed a franchise deal for seven new restaurants in the state of Maryland. Franchisee DDR Holdings, a venture between Darrin and Dennis Atlas, will open the units. DDR Holdings currently owns and operates two Slim Chickens stores in the state. The Slim Chickens brand has opened in more than 255 locations across the U.S. and the U.K., with more than 1,200 stores currently in development.
Center Valley, Pa. —The Great Greek Mediterranean Grill has signed a 2,550-square-foot lease at The Promenade Shops at Saucon Valley, a retail center located in Center Valley. Scheduled to open early this summer, the restaurant will be situated between Lashes by Gab and Komé Fine Japanese Cuisine. Other new tenants at the center include J. Crew Factory, Fulton Bank, Club Champion, Handmade Mystic, FD Market and Turning Point. The property is also home to Promenade Pop-Up Shop, a 1,500-square-foot space featuring a rotating mix of local retailers.
New York City — Rooftop Hospitality Group has signed a 15,000-square-foot lease at 520 Eighth Ave., a 26-story office tower in the Garment District of New York City. The tenant, which owns and operates 230 Fifth Ave. Rooftop Bar, plans to open a rooftop restaurant and lounge at the location. Planned construction at the site includes the addition of a floating deck system, new kitchen space and restrooms, as well as modifications to one of the building’s elevators. David Kaye and Matthew Mandell represented the landlord, GFP Real Estate, on an …
