Restaurant to open in former Denny’s building
Tampa, FL – October 10, 2013 – CBRE’s Retail Brokerage Group arranged the sale of a free-standing former Denny’s restaurant building located at 6708 Memorial Highway in Tampa, Florida. The buyer, JSMD Enterprises, LLC, purchased the property for $650,000 from Waldrest Associates Limited Partnership, who hired CBRE to market the asset for sale and negotiate the transaction.
“This transaction supports the continued trend of expanding restaurants looking for highly visible locations within the market,” said Erica Waltermire, Sales Associate with CBRE. “JSMD was motivated to purchase this property to expand their presence in the local market with a new restaurant concept”
The new restaurant, called The Pacific Coast, will feature Latin Cuisine and specialize in fresh seafood. The new restaurant is expected to open by the end of the year.
The 4,200-square-foot freestanding building is located at the intersection of Hillsborough Avenue and Memorial Highway in Tampa. This parcel is shadow anchored by Home Depot and adjacent to Walgreens, SunTrust and AT&T Wireless. Other area retailers include Ross, Starbucks, CVS, Chili’s, Dunkin Donuts, Publix and Aldi.
Erica Waltermire, Sales Associate at CBRE, represented the seller in the transaction. Waltermire is part of the CBRE’s Retail Brokerage Group in Tampa, focused on leasing retail properties and tenant representation.
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