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DALLAS-Brinker International Inc., disposing of its second brand this fiscal year, will hand off the Corner Bakery Cafe brand by December's end to New York City-based CBC Restaurant Corp. According to SEC documents, Brinker will collect $70 million for a 92-unit portfolio consisting primarily of property and $61 million in equipment.

The deal originally was set to close by the end of June. Brinker estimates its pre-tax loss will be $3 million to $5 million, including allocations to finish under-construction units and selling costs.

Corner Bakery, founded in 1991, became part of the Brinker lineup in 1995. Three locations in Chicago's O'Hare Airport are franchised and the corporate-owned balance is positioned in eight states and the District of Columbia.

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