REAL ESTATE

CiCi’s Pizza to add 16 new units

BY CSA STAFF

Coppell, Texas — CiCi’s Pizza announced Monday that it has signed agreements for the addition of 16 units over the next five years and hired Wingstop veteran Bruce Evans to lead franchise sales.

The moves are part of CiCi’s growth initiative, with the goal of adding 500 restaurants in the next eight to 10 years.

"Texas is a focus in our plan for strategic and sustainable growth," said Mike Shumsky, CiCi’s Pizza CEO. "Texas has led the nation in job growth for the past decade, and we have strong brand loyalty and brand recognition here. As we continue to build restaurants for long-term success, Texas, as well as Southern California and Southern Florida, will be key to our expansion goals."

All 16 restaurants will open in the Houston and San Antonio areas. The restaurants will be built by current franchisees Tommy and Tami Marlin and Guillermo Perales, who leads Mucho Pizza, a subsidiary of CG Management. Mucho Pizza already operates more than 50 CiCi’s restaurants in Texas and Maryland.

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REAL ESTATE

Fresh Market to open at Congressional Plaza

BY CSA STAFF

Rockville, Md. — Federal Realty Investment Trust said Monday that The Fresh Market will open a new store at Congressional Plaza, a 332,000-sq.-ft. regional shopping center in Rockville, Md.

The store, the specialty grocer’s first in Montgomery County, will measure 19,860 sq. ft. Recent openings at the center include Last Call Studio by Neiman Marcus and Matchbox Vintage Pizza Bistro.

Acquired by Federal Realty in 1965, Congressional Plaza is a regional shopping destination anchored by Buy Buy Baby and The Container Store.

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REAL ESTATE

Bigg’s Place Mall sold, clears way for new Jungle Jim’s

BY CSA STAFF

Cincinnati — Colliers International Greater Cincinnati announced the $7.5 million sale of a multi-tenant, power center in the Eastgate trade area of Cincinnati.

The sale of Bigg’s Place Mall – from JPMCC 2006-LDP6 EastGate Boulevard, LLC to Union Township Clermont County CIC of Ohio — will clear the way for a new Jungle Jim’s supermarket.

The 402,786-sq.-ft. center is currently home to Hobby Lobby, Regency Beauty, Original Mattress Factory, Danberry Cinema’s and Rincon Mexican Restaurant. Biggs Place Mall was anchored by Biggs Hypermarkets until June of 2010 when the location was closed.

Union Township has structured a long-term lease & purchase option with Fairfield, Ohio-based Jungle Jim’s to lease the former Biggs Hypermarket space. Jungle Jim’s will complete a renovation of the former grocery space and plan a grand opening in February 2012.

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