HOUSTON-In a move to expand to middle-income, high density residential areas in the Houston area, Mr. Jim’s Pizza has signed a five-year lease for its second store in the metro. The broker on the deal says the transaction closed well south of the $18 per sf originally quoted for the space, which is the former site of a Pizza Inn.

The Addison, TX-based chain took over 1,200 sf in a co-branded service station at the corner of Steubner Airline Road and Cypresswood Drive. The local owner, Toor Enterprises, Inc., has a portfolio of convenience stores and gas stations in the metro.

According to Kevin Simms, a retail broker with NAI Houston, which represented Mr. Jim’s in the transaction, the plan is to add grow via franchises to the tune of two or three stores per year, beginning in 2006. “There isn’t a hard number they’ve introduced, but ultimately, the goal is to hit 20 or so franchises in the area,” Simms tells GlobeSt.com.

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