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Breaking Retail Real Estate News
  • Beard Papa’s Begins its Road to 300 U.S. Locations
    (qsrmagazine.com - 7/19/2019)
  • “My focus is to grow what I call the cluster effect,” Fazio says. Grouping stores close together not only builds brand recognition, it also boosts profits across the area. As a result, the brand has not needed to market heavily.
    Next up, Fazio will be leading Beard Papa to its goal of 300 U.S. stores by 2024.
      (full story)

  • Curry Up Now Hosting Atlanta Grand Opening on July 30
    (qsrmagazine.com - 7/19/2019)
  • Curry Up Now will open at least four more locations in Atlanta and is currently seeking real estate options throughout the metro area.   (full story)

  • Just Salad to Open Five North Carolina Locations by 2020
    (qsrmagazine.com - 7/18/2019)
  • The first multi-unit franchise partner to sign on with Just Salad is Cattell Street Brands, which will open at least five Just Salad locations in North Carolina by the end of 2020 with the first location opening this summer in ...   (full story)

  • Cooper's Hawk To Be Sold To Ares Management
    (restaurantbusinessonline.com - 7/18/2019)
  • According to Mergermarket, Ares is paying more than $700 million for the chain, which is based in suburban Chicago.   (full story)

  • Marco’s Pizza president-COO Tony Libardi discusses expansion
    (nrn.com - 7/18/2019)
  • Coming off a slow year of growth for the pizza industry as key players adjust to the growing trend of competitors’ third-party delivery, the Toledo-Ohio-based 930-unit Marco’s Pizza is looking to expand its market share.   (full story)

  • Former Panera executive Clay Sanger named CEO of Superfood Holdings
    (nrn.com - 7/18/2019)
  • Superfood said both brands, which have 16 locations throughout California, are poised for national growth in existing and new markets.   (full story)

  • Vintage makes formal offer to buy Red Robin
    (nrn.com - 7/18/2019)
  • Private equity firm Vintage Capital Management LLC made a formal offer Thursday to buy Red Robin Gourmet Burgers Inc. for $40 per share, according to a regulatory filing.   (full story)

  • The Cheesecake Factory Finds its Growth Brand in North Italia
    (foodnewsfeed.com - 7/18/2019)
  • Since The Cheesecake Factory outlined a plan to take full control of North Italia in October 2018, the brand has grown by four locations, and now has 18 across nine states. There are also first-to-market entries “coming soon” to Tennessee and North Carolina. But one recent opening in particular has The Cheesecake Factory thinking big ...   (full story)

  • Chicken Salad Chick Propels Franchise Expansion and Achieves 14th Consecutive Quarter of ...
    (prnewswire.com - 7/17/2019)
  • The company also opened 20 new restaurants, two of which marked Chicken Salad Chick's debut in new states...the brand signed 12 franchise agreements to develop 34 new locations...   (full story)

  • Take 5 to Open 400th Location in September
    (retailrestaurantfb.com - 7/17/2019)
  • Last year, the brand celebrated its 300th-store milestone and has rapidly grown its footprint nationwide by opening 100 locations in only a year. Additionally, during the first half of 2019, Take 5 signed area development agreements to open 58 new franchised locations and also acquired Advance Kwik Lube, a 25-unit quick lube and automotive service chain in Texas.   (full story)

  • Giant Heirloom Market keeps sights set on Philadelphia
    (grocerydive.com - 7/17/2019)
  • Giant Food Stores will open its second Giant Heirloom Market location August 2 in the University City neighborhood of Philadelphia, the company said in a press release emailed to Grocery Dive. The first Giant Heirloom Market opened in Philadelphia in January, and two other locations are being planned in the city.   (full story)

  • Slim Chickens Receives Equity Investment To Fuel Growth
    (restaurantbusinessonline.com - 7/17/2019)
  • Slim Chickens has 350 locations under development deals, the company said, and is slated to open new restaurants across the Southeast and Midwest this fall.   (full story)

  • Philly Pretzel Factory coming to Columbia
    (coladaily.com - 7/17/2019)
  • In 2004, the company began expanding, and now resides in 12 states with more than 150 locations. Philly Pretzel Factory’s expansion to Columbia will be one of five new locations.   (full story)

  • Why Painting With a Twist's Founders Replaced Themselves as CEO
    (stamfordadvocate.com - 7/16/2019)
  • It’s been just over a year since Painting with a Twist embarked upon its corporate makeover, but the results have so far been encouraging. In addition to the Bottle & Bottega acquisition, the company is moving forward with plans to sign on another 10 to 20 franchisees in the second half of 2019, primarily in the Midwest and Northeast, where it sees growth potential.   (full story)

  • Domino’s Shares Slide on Revenue and Same Store Sales miss
    (financialinsiders.com - 7/16/2019)
  • The Company opened 200 net new stores during the second quarter, including 42 in the U.S. and 158 internationally...   (full story)

  • Coolgreens Executes Development Agreement to Expand into Omaha
    (restaurantnews.com - 7/16/2019)
  • Coolgreens CEO Robert Lee announced today that the healthy lifestyle eatery has executed an area development agreement with Sanus Fieri, LLC to bring three Coolgreens locations to the Omaha area. The agreement anticipates that the first restaurant will open by ...   (full story)

  • The Camp Transformation Center Celebrates Major Milestones in the First Half of 2019
    (franchising.com - 7/16/2019)
  • So far in 2019, The Camp has opened nine new locations with both new and existing franchisees in California, Nevada and Texas. Nearly 15 more locations throughout the country are currently in development and will join the existing 110 centers across North America.   (full story)

  • Fast-Casual Chain Dig Inn Becomes Dig
    (restaurantbusinessonline.com - 7/16/2019)
  • The New York City-based farm-to-table chain, which had 24 units in April, expects to operate a total of 35 restaurants in three cities by the end of the year. Over the next 18 months, Dig plans to open units in Washington, D.C., and Chicago, launch its first full-service restaurant and debut a new delivery platform called Room Service, founder and CEO Adam Eskin said in the post.   (full story)

  • Record spending projected for Back-to-Campus
    (hometextilestoday.com - 7/15/2019)
  • Families with college students are expected to spend an average $976.78 during the Back-to-Campus season. That’s up 3.6% from last year’s $942.17 and tops the previous record of $969.88 set in 2017, according to the National Retail Federation’s annual survey.   (full story)

  • At Home opens its 200th store
    (hometextilestoday.com - 7/15/2019)
  • At Home, is now one-third of the way toward its goal of operating more than 600 stores. This milestone comes after a recent expansion into California, where the retailer currently operates two stores with the potential to grow to more than 80.   (full story)

  • Remodeled Big Lots store to open in Shenango
    (ellwoodcityledger.com - 7/15/2019)
  • Big Lots will celebrate the grand opening of 17 newly remodeled stores throughout the Pittsburgh area...   (full story)

  • Refuel Convenience & Gas Chain Charts $50M Expansion
    (csnews.com - 7/15/2019)
  • South Carolina convenience store chain Refuel is looking to beef up its presence in Charleston and eastern South Carolina with plans to build 10 new stores over the next year in a $50 million investment.   (full story)

  • Pinch A Penny Pool Patio Spa Continues Texas Expansion With Opening Of Second San Antonio Location
    (prnewswire.com - 7/15/2019)
  • The brand made its debut in San Antonio earlier this year, and the opening of its second location in the market just a few months later is fueled by Pinch A Penny's aggressive expansion plans. In addition to its growth in San Antonio, Pinch A Penny has rapidly expanded its presence throughout Texas, opening four new locations in the state this year alone.   (full story)

  • For Troy-based Goldfish Swim School, business is growing swimmingly
    (crainsdetroit.com - 7/14/2019)
  • By 2024, the company intends to reach annual systemwide revenue of $385 million across 260 locations. The school's "Hawaiian, beach-style experience" over the "hospital-like, sterile" environments of other pools resonated with kids and parents, McCuiston said, and that captured the interest of investors.   (full story)

  • Freddy’s Frozen Custard & Steakburgers Opens First International Location
    (retailrestaurantfb.com - 7/12/2019)
  • Freddy’s Frozen Custard & Steakburgers plans to open more than 40 restaurants nationwide throughout the end of 2019. Franchise opportunities remain in areas across the U.S., including the West Coast, Upper Midwest, Northeast and Florida.   (full story)

  • Elements Massage, Celebrates Milestone of 250 Studio Locations
    (franchising.com - 7/12/2019)
  • Elements Massage was recently recognized as number one in the Spa, Wellness and Beauty category of Newsweek’s inaugural 2019 list of America’s Best Companies for Customer Service.   (full story)

  • Owner of Defunct Hot Dog Joint Scores Legal Fees in Lawsuit Against Strip Mall Landlord
    (sanjoseinside.com - 7/12/2019)
  • Orozco asked multiple times whether any other businesses at the center would directly compete with his new restaurant’s focus: gourmet hot dogs. Weltner repeatedly told him that she couldn’t disclose what other tenants were moving in because of Vornado’s policy against discussing ongoing negotiations. In fact, no such policy existed.   (full story)

  • Fred’s closes 129 additional stores and holds clearance sales
    (cnbc.com - 7/12/2019)
  • Discount merchandise retailer Fred’s announced on Friday that it will close another 129 stores and hold inventory clearance sales as the company works to repay its debt and diversify its product selection. Fred’s will have an estimated 80 retail stores and 166 pharmacies standing following its store closures.   (full story)

  • Fast casuals rev up drive-thru, mobile pickup plans
    (restaurantdive.com - 7/12/2019)
  • Chains like Chipotle, Cava and Blaze Pizza are testing drive-up windows, but may soon find it more difficult to find ideal locations.   (full story)

  • Liberty Tax acquires Buddy’s
    (furnituretoday.com - 7/12/2019)
  • Vintage Capital Management has sold Buddy’s Home Furnishings to the publicly held Liberty Tax, which intends to transform from a tax services business to an investment company specializing in franchised and related businesses. Liberty Tax and Buddy’s will operate as stand-alone businesses with separate management teams.   (full story)

  • Retailer Charming Charlie Files Chapter 11, Closing All Stores
    (fortune.com - 7/11/2019)
  • Jewelry and accessories chain Charming Charlie has filed Chapter 11 bankruptcy and plans to close all 261 of its stores...   (full story)

  • Subway Plans To Remodel 10,500 Locations
    (restaurantbusinessonline.com - 7/11/2019)
  • Subway and its vendors are expected to provide franchisees with more than $100 million in grants to help fund remodels to about 40% of the chain’s units over the next year and a half. Subway said that 10,500 of its nearly 25,000 U.S. locations expect to take advantage of the program and get a new look by the end of 2020.   (full story)

  • Aroma Joe’s Shows the Maine Difference
    (franchising.com - 7/11/2019)
  • Aroma Joe’s is targeting a 20-30 percent growth rate each year and looking to fill the New England market over the next three years, with the eastern seaboard next within 5-10 years.   (full story)

  • Blink Fitness Appoints Thomas Flaherty as President of Franchising
    (franchising.com - 7/11/2019)
  • Flaherty will build on Blink’s franchising momentum, which includes numerous multi-unit deals inked in key markets including New York, Florida, Virginia, Ohio, Massachusetts, Michigan, Illinois, South Carolina, California, Tennessee and Texas. In recent months, Blink has signed   (full story)

  • Retail Rents Are Rising Across the Board, But at a Glacial Pace
    (nreionline.com - 7/11/2019)
  • “The truth of the matter is we have so many retail sub-types that are just doing fine. There are all these services and grocery-anchored centers, and even power centers have had a comeback of late. And the majority of malls are still doing okay, for the most part. You see these poster children for bad retail news that kind of misdirect people away from the big picture.”   (full story)

  • Owners of Afters Ice Cream, 7 Leaves partner on Hello Kitty Café in Las Vegas
    (nrn.com - 7/11/2019)
  • The creators of Hello Kitty Café are expanding the iconic Sanrio character’s restaurant footprint to the neon lights of Las Vegas.   (full story)

  • GameWorks Headed to Silicon Valley
    (foodnewsfeed.com - 7/11/2019)
  • GameWorks, Inc., a full entertainment and dining experience for millennials, teens and families, announced it is bringing its diverse esports, gaming and entertainment concept to Silicon Valley for the first time. The venue is expected ...   (full story)

  • Lupe Tortilla Kicks Off Dallas Expansion
    (foodnewsfeed.com - 7/11/2019)
  • Lupe Tortilla, an authentic Tex-Mex institution, has officially opened its first of four Dallas-area locations in ...   (full story)

  • Crate & Barrel serves up 1st restaurant concept
    (retaildive.com - 7/10/2019)
  • Crate & Barrel opened its first full-service restaurant, called The Table at Crate...The concept is a collaboration with Cornerstone Restaurant Group...   (full story)

  • Bed Bath & Beyond Inc. Reports Results For Fiscal 2019 First Quarter
    (prnewswire.com - 7/10/2019)
  • During the fiscal first quarter, the Company opened three stores including one Bed Bath & Beyond store and two buybuy Baby stores...   (full story)

  • ZIPS Dry Cleaners Presses On With Aggressive Expansion
    (franchising.com - 7/10/2019)
  • “We will be serving Dallas, Houston, Atlanta, Chicago, Portland, Oregon, and Columbus, Ohio in the near future with another 20 markets in the next five years,” Ritger notes.   (full story)

  • Cinnaholic Celebrates Monumental Growth in First Half of 2019
    (franchising.com - 7/9/2019)
  • The brand has already opened 10 franchise locations since January in new markets including New Jersey, Houston, Phoenix and Ottawa, Ontario, bringing its total location count to 38 units.   (full story)

  • &Pizza Adds A President As It Prepares To Grow
    (restaurantbusinessonline.com - 7/9/2019)
  • The chain, which is slated to open its 36th store Wednesday, has plans to double in size over the next two years, with additional restaurants planned in Washington, D.C., Maryland, Virginia and New Jersey.   (full story)

  • Bonchon Names Flynn Dekker As CEO
    (restaurantbusinessonline.com - 7/9/2019)
  • The brand, known for its double-fried chicken and a name that translates to “my hometown,” currently has 92 U.S. units and 345 international stores. It is slated to add 15 U.S. locations in the next year.   (full story)

  • Reis: National Retail Vacancy Experiences First Drop Since 2016 Among Neighborhood Shopping Centers
    (rebusinessonline.com - 7/9/2019)
  • The neighborhood and community shopping center retail vacancy rate fell 10 basis points to 10.1 percent in the second quarter, according to New York-based commercial real estate data firm Reis. This is the first time in which vacancy has declined since the first quarter of 2016.   (full story)

  • Commercial Lease Assignments: A Tale of Two Leases and A Landlord’s Right to Recapture
    (rebusinessonline.com - 7/9/2019)
  • Commercial leases typically contain standard protections for landlords that may be potential pitfalls for tenants seeking to assign or transfer interests in a lease. A lease recapture provision permits a landlord to terminate a lease and “recapture” the leased premises when the tenant requests landlord’s consent to assign, sublease or transfer the lease.   (full story)

  • Domino's Gains 11% in 3 Months: Will Growth Continue?
    (nasdaq.com - 7/9/2019)
  • In first-quarter 2019, the company opened 200 net new stores...   (full story)

  • Mimi’s Café is Now Mimi’s Bistro + Bakery
    (foodnewsfeed.com - 7/9/2019)
  • Mimi’s, founded in 1978, has 77 U.S. locations across 16 states. It plans to complete 10 renovations by fall, with new interiors, furniture, bar areas, and innovations in technology.   (full story)

  • Tropical Smoothie Cafe Opened 58 Restaurants in First Half of 2019
    (qsrmagazine.com - 7/9/2019)
  • Tropical Smoothie Cafe, LLC announced its significant achievements in the first half of 2019, opening 58 restaurants and signing 75 franchise agreements.   (full story)

  • Lucky's Market to Open Florida Distribution Center
    (winsightgrocerybusiness.com - 7/8/2019)
  • Lucky’s operates 21 stores in Florida—more than half of the brand’s 39 overall units—and reportedly has plans to operates as many as 30 stores in Florida by year-end.   (full story)






     

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