Tabani Group buys Glen Town Center in Chicago’s MSA
Glenview, Ill. — The Tabani Group has acquired The Glen town Center in Glenview, Illinois, in the Chicago metro area.
The 267,732-sq.-ft. center is located just 20 minutes from downtown Chicago in the affluent North Shore suburb of Glenview. Dick’s Sporting Goods and separately owned Von Maur, anchor the center. Tenants include Jos A. Bank, Yard House, Bravo! Cucina Italiana and the Regal Glen 10 Movie Theatres, which are also separately owned.
Mid-America real Estate Corporation (www.midamericagrp.com) represented the seller, Situs Holdings, in the transaction.
Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate headquartered in Oakbrook Terrace, Illinois.
Starbucks to open La Boulange eatery in Los Angeles
New York — Starbucks Corp. plans to bring its La Boulange Bakery café chain to Los Angeles, opening a location with extensive food offerings. The eatery is scheduled to open June 11, and will also serve beer, wine, cocktails as well as milkshakes, the Associated Press reported.
Starbucks purchased the La Boulange chain in 2012. The cafes, based in the San Francisco area, sell breakfast and lunch fare, and typically close before 7 p.m. But the Los Angeles location will have more of a "modern farmhouse" feel to it, the report said, and the menu will be expanded to include build-your-own-burgers and other items for dinner. It will remain open to 10 p.m.
Corner Bakery Café expanding in Seattle, Las Vegas
Dallas — Fast-casual restaurant chain Corner Bakery Café announced two multi-unit development agreements with California-based businessman Anil Yadav, CEO of JIB Management, who plans to open 16 cafes in Seattle, and seven in Las Vegas, over the next seven years.
Corner Bakery Cafe operates 166 company-owned and franchised locations in 17 states and Washington, D.C. Last month, the company announced plans to open 18 restaurants in Kentucky and Tennessee, as well as plans for 17 cafes in the Orlando, Florida, area, bringing total development commitments to more than 350 locations. The chain plans to more than double its U.S. footprint in the next three years.