Johnny Rockets acquired by Sun Capital
New York — Johnny Rockets has been acquired by an affiliate of private-equity group Sun Capital Partners Inc. Terms of the deal were not disclosed.
Johnny Rockets operates about 300 corporate and franchise-owned hamburger restaurants in 30 states and 16 countries, including 17 Six Flags amusement park locations and 11 Royal Caribbean cruise ships.
Englewood Construction builds Chicago area’s first Ports 1961
Chicago — Englewood Construction announced its retail group has begun work on the Chicago market’s first Ports 1961, a luxury apparel retailer, in Rosemont, Ill.
“Ports 1961 chose to enter the Chicago area by locating within Fashion Outlets of Chicago,” said William Di Santo, president of Lemont, Ill.-based Englewood Construction. “The retail world is anxiously awaiting the August 1 opening of this world-class fashion outlet mall in Rosemont.”
Fashion Outlets of Chicago will be home to more than 120 leading designer and top brand retail stores.
Englewood is building the 2,162-sq.ft. Ports 1961 store, which marks the third Ports 1961 in the United States. Santa Monica, Calif.-based Montalbo Architects Inc. is designing the space. Ports 1961 has a location in New York City, and a store in the new Livermore Premium Outlets, in the East Bay area of San Francisco.
Also within the 530,000-sq.ft. Fashion Outlets of Chicago, Englewood has performed 20,000 square feet of prep work for one of the anchor tenants: Saks Fifth Avenue OFF 5th.
Englewood has also begun two other retail projects: a 1,509-sq.-ft. build out of a Motherhood Maternity store in Huntington Beach, Calif., and a 1,068-sq.-ft. build out of a Marbles – The Brain Store in the Westfield Old Orchard Mall in Skokie, Ill.
Shenandoah Plaza Shopping Center sold in Newnan, Ga.
Atlanta — Shenandoah Plaza, a 146,121-sq.-ft. neighborhood center in Newnan, Ga., has been sold to the Georgia Capital Group by RCG-Newnan. Big Lots, Goodwill and Dollar General anchor the center.
The Atlanta office of SRS Real Estate Partners represented RCG-Newnan in the transaction.