Pizza Hut debuts new store formats
Plano, Texas — Pizza Hut has debuted new concept stores in York, Neb., and Pawtucket, R.I.
The concepts feature an all-new "pizza by the slice" experience with slices cut from an 18-inch pizza.
Each location has unique components driven by market behavior and dining style. The store in York will seat 80-plus, highlighting the eat-in experience, while the location in Pawtucket will have a smaller seating area, accommodating roughly 30 spots. The Pawtucket location is expected to primarily be a delivery and carryout option, with the pizza by the slice experience augmenting business during lunch hours and for busy, on-the-go consumers. Both locations will offer the pizza by the slice "bar."
The new, fast-casual concepts include digital menu boards, deck ovens and an open seating environment, all twists on the company’s traditional dine-in stores. "We believe these concepts have broad appeal, and we’re bullish on our plans to quickly expand them to additional locations," said Al Litchenburg, chief development officer, Pizza Hut. "We are a company driven to innovate and give customers what they want and a vibrant store experience is atop that list."
CBRE to manage properties for Carlson
Los Angeles — The CBRE Group has signed a multi-year contract with Carlson to provide project management for select locations in the United States including the company’s world headquarters. Carlson is a family-owned, global hospitality and travel industry company with more than 1,300 hotels in operation and development and more than 900 restaurants worldwide.
CBRE has provided facilities management services for Carlson’s administrative properties in the United States since 1994. The new contract includes project management services.
RKF arranges $18 million sale of Upper East Side property
New York — RKF has helped arrange the sale of a 12,250-sq.-ft. property on Manhattan’s Upper East Side at 1151 Third Avenue for $18 million.
RKF Investment Sales & Advisory Services represented the buyer, 1151 Third Avenue LLC, in the transaction. HelmleySpear represented the seller, 201 East 67th Street. The transaction closed in late October.
The property is a five-story commercial building constructed in 1901. Retail tenants include Lucky Brand and Flywheel. Office tenants occupy the upper floors.