Wendy’s shut its City Heart restaurant June 30 as its lease expired.
“We have some other development plans and new locations planned more than the up coming pair of many years, so that is why we made the decision we would not renew the lease,” claimed Susie Schulz, director of profits with franchise operator Meritage Hospitality Team Inc. in Grand Rapids, Michigan.
Schulz mentioned July 6 that Meritage has 44 eating places in the Jacksonville area.
The 22 staff members at the 4907 Massive Island Travel restaurant had been transferred to two nearby spots.
Schulz explained Meritage is searching at other destinations in the higher Jacksonville industry.
Duval County assets data present the 3,502-sq.-foot cafe was developed in 2005 on just about an acre. The site is assessed at $1.77 million for tax needs.
The Purchasing Middle Group is internet marketing the “rare travel-via opportunity” of a totally free-standing restaurant for lease in the St. Johns Town Centre place, which is at northwest Butler Boulevard and Interstate 295.
The promoting brochure suggests Huge Island Travel connects to the following phase of the City Middle, which is designed to include things like formerly recognized as Restoration Components a resort and other leisure venues. RH is below development for completion this calendar year.
The site is at a signalized intersection at Massive Island and Buckhead Branch drives.
“This is a rare chance for a tenant to protected the only 2nd technology cafe setting up with a push-by means of on the sector in the Town Heart,” explained TSCG Vice President Kelly Pulignano in an e mail.
“The placement is in the coronary heart of the City Center submarket right across from the impending Sugar Factory cafe and just down Massive Island Generate from the RH gallery opening this summer months.”
Pulignano and TSCG lover and Senior Vice President Stephanie McCullough are marketing and advertising the property.
The web site also is throughout Massive Island Generate from the upcoming Sugar Manufacturing unit American Brasserie, which is leasing the former Brio Tuscan Grille in The Markets at Town Centre but has not started do the job however.
The Sugar Manufacturing facility stated April 14 it projected it would open at the 4910 Massive Island Travel cafe in January.
The previous Wendy’s website is owned by ACV Large Island LLC of Sonoma, California. It paid nearly $1.5 million for the residence in December.
A&C Ventures Inc. , regarded as ACV, is a non-public actual estate expense organization. ACVentures.com states its existing portfolio contains far more than 220 homes in 34 states, totaling 4.3 million square feet of room valued about $850 million.