SRS Real Estate announces new hire
Dallas — SRS Real Estate Partners announced it has hired Kyle Stonis as a senior VP in the Atlanta office.
Stonis will focus on strengthening the investment sales platform for SRS in Atlanta and throughout the Southeast.
Previous to SRS, Stonis worked for Bull Realty in Atlanta as a retail investment broker and senior VP.
Nothing Bundt Cakes expands with four new North Texas locations
Dallas — Cake retailer Nothing Bundt Cakes said it is expanding its Texas presence with four new leases.
The retailer worked with Venture Commercial Real Estate to negotiate new stores in Arlington, Frisco, Flower Mound and Rockwall.
Nothing Bundt Cakes entered the North Texas market in 2007 with a Southlake store and has since added locations in Dallas, Fort Worth and McKinney. The four new leases will bring the total to eight locations open by the end of 2011, with plans to open stores in Plano and the Lake Highlands area in 2012.
“As the specialty brand market continues to thrive despite a depressed economy, we believe now is a great time to expand the Nothing Bundt Cakes franchise,” said Craig Moore, president of Nothing Bundt Cakes and a North Texas franchisee.
The Arlington store opened in August at The Village at Sports Center, and the Frisco location opens in November in the Frisco Corners 1 shopping center. The Flower Mound store, which also opens in November, will be located at 3634 Cross Timbers Road; the Rockwall store will be located in the Plaza at Rockwall.
Founding Farmers restaurant opens at Park Potomac
Bethesda, Md. — Streetsense announced that Founding Farmers restaurant has opened a 7,000-sq.-ft. location at Park Potomac, an 110,000-sq.-ft retail center that is part of a mixed-use community developed by Foulger-Pratt of Rockville, Md.
The new restaurant, which is described as “barnyard chic” and featuring natural ingredients, is joined by Harris Teeter grocery store, as well as Elevation Burger, Emily Grace Fashion Boutique, Love Couture Bridal, Wine Harvest, Zoe’s Kitchen, and other shops and services.
Park Potomac is located in the affluent Washington, D.C., suburb of Potomac, Md. It combines Class A office space, 150 upscale brownstone homes by EYA, 152 luxury condos developed by Foulger-Pratt (with a total of 450 planned), fine dining and boutique shopping.