REAL ESTATE

Landmark NYC gourmet market to be auctioned

BY Katherine Boccaccio

New York — IPG Real Estate said Monday that Amish Market, a landmark Manhattan gourmet market located in the Midtown neighborhood of TriBeCa, is being offered for sale in hopes of an offer prior to an auction slated for November 2012.

The supermarket/deli features 7,500 sq. ft., including 1,000 sq. ft. of mezzanine, supported by 2,000 sq. ft. of basement space. An initial review by a court-appointed Chapter 11 trustee verified $8.2 million in sales from a September 2011 to an August 2012 time period.

According to the trustee, the value of the business and lease are approximately $6 million ($2.5 million without the lease) but it may be hold for half that price.

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REAL ESTATE

True Food Kitchen to open at Plaza at Preston Center

BY Staff Writer

Dallas — Venture Commercial announced that True Food Kitchen will open a 5,915-sq.-ft restaurant at The Plaza at Preston Center, a five-story mixed-use development under construction in Dallas.

True Food, a Fox Restaurant Concepts brand, is slated to open in 2013 in a ground-floor space of a building that is devoted to retail tenants.

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Jan-02-2013 02:38 pm

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J.Johnss says:
Jan-02-2013 02:38 pm

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REAL ESTATE

Books-A-Million leases former Borders location

BY Staff Writer

Wilmington, Del. — Metro Commercial Real Estate announced that Books-A-Million has signed a lease for a 30,077-sq.-ft. former Borders located at 101 Geoffrey Drive in Christiana (Wilmington), Del.

The new Books-A-Million is expected to be open before year end.

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