TUCSON-One of the hottest new restaurant concepts is expanding in Arizona.
Five Guys Burgers and Fries has entered the Tucson market with a 3,151-square-foot location at Campbell Plaza and is negotiating for two other locations within the city. The chain, which opened its first restaurant in Arlington, Va. in 1986, ranked as the fastest-growing restaurant chain in the nation last year, according to data compiled by restaurant consulting firm Technomic. It plans to open 200 stores this year.
D&J Holdings LLC of Tucson, the area franchisee for Five Guys Burgers and Fries, inked a 10-year deal for roughly 50% of a pad building that is part of the 190,677-square-foot power center. The building, which is located at the intersection of Campbell Avenue and Glenn Street, was formerly occupied by Hollywood Video, according to Nancy McClure of CB Richard Ellis’ Tucson office.
McClure represented the landlord, Camelback Corporate Center Joint Venture LLC, a joint-venture of Tucson-based Holualoa Arizona and Phoenix-based Pacific Ridge Properties. Five Guys Burgers and Fries was represented by Chris Ray and Mike Leonard of Catalyst Commercial Group PLC in Phoenix.
“It’s exciting for Tucson to have this hot new restaurant concept,” McClure says, adding that the chain liked Campbell Plaza’s proximity to the University of Arizona. Five Guys Burgers and Fries also was attracted to the well-established residential neighborhoods and businesses that surround the center.
Before Five Guys Burgers and Fries can open later this year, the building’s fa
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.