REAL ESTATE

Rizzieri Salon and Spa to PREIT’s Moorestown Mall

BY Michael Fickes

Philadelphia — Pennsylvania Real Estate Investment Trust is relocating the award-winning Rizzieri Salon and Spa to Moorestown Mall from its current location in Marlton, N.J. The spa will take over a newly designed 12,000-sq.-ft. space late next year.

The move is part of PREIT’s repositioning effort for the mall. In addition to Rizzieri, the effort has brought in artisan-owned restaurants, a premium movie theater and specialty stores unique to the mall environment.

“We believe that when its transformation is complete, Moorestown Mall will serve as a model for creating a truly differentiated suburban consumer experience,” said Joseph F. Coradino, CEO of PREIT.

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REAL ESTATE

20 Togo’s for Oregon and California

BY Michael Fickes

San Jose, Calif. — Togo’s Eateries has announced two multi-unit franchise agreements to develop 20 new restaurants in Oregon and California over the next several years.

Togo’s Franchisee Mark Fischer will open 10 restaurants in Portland, Ore., and 10 additional locations in Los Angeles County. The first will open in Portland in the first quarter of 2014.

Fischer and his parterns currently own and operate two California restaurants in Stockton and Tracy, Calif.

Togo’s has nearly 250 franchise locations across the country.

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REAL ESTATE

Perkins unveils franchise plans for Iowa and Nebraska

BY Michael Fickes

Memphis, Tenn. — Perkins Restaurant & Bakery has announced a six-unit franchise development agreement in Iowa and Nebraska over the next six years. The franchisee, CyHawk Hospitality Inc., currently operates six Perkins Restaurants and Bakeries — five in Iowa and another in Independence, Mo.

The first of the six new units opened in July in Ankeny, Iowa. Another location in Norfolk, Neb., has broken ground with an anticipated opening later this month.

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