PHOENIX—The first newly redesigned prototype for Popeye's Louisiana Kitchen will be built at the southwest corner of Elliot Road and Priest Drive in Tempe. The site is the first of many that this new Phoenix franchisee is planning for the Arizona market.
While there are existing Popeye's stores in the Metro market, the Louisiana Kitchen concept is new to the chain and the market. Popeye's Louisiana Kitchen, Inc. is the world's second-largest quick-service restaurant chicken concept with 2,225 stores as of the end of last year.
Dave Cheatham, president, Michael Clark, vice president and Nick Ault, associate of Velocity Retail Group represented Popeye's in the transaction. The landlord TPP JV Maricopa, LLC an entity controlled by Trigate Capital was represented by Clift Johnston of Cassidy Turley BRE.
“Arizona is a key expansion market for our franchise company, by working with Velocity Retail we are able to maximize their experience and relationships in the market to execute our expansion plan,” said Amin Dhanini, president of HZ Props AZ, LLC the entity which will control the Arizona stores.
The new building will be 2,951 square feet and be located on a 23,000-square-foot parcel fronting Elliot Road. It is expected to open by the fourth quarter of this year.
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.