REAL ESTATE

Togo’s to develop 20 locations in Oregon and California

BY Katherine Boccaccio

San Jose, Calif. — Togo’s Eateries announced the signing of two multi-unit franchise agreements with an existing franchise group 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, with the first location scheduled to open in Portland, Ore. in first quarter 2014.

This new development is part of the chain’s plan to grow the brand to 400 restaurants along the West Coast.

Fischer and his partners currently own and operate two California restaurants in Stockton and Tracy, Calif., and first joined the brand in 2007. The franchisees also have another location scheduled to open in Fairfield, Calif. later this year, as well as a commitment to develop a restaurant in Lodi, Calif.

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REAL ESTATE

Nordstrom Rack sets 2014 opening in Riverside, Calif.

BY Staff Writer

Seattle — Nordstrom plans to Nordstrom Rack at Riverside Plaza in Riverside, Calif. The approximately 45,000-sq.-ft. store will be the Rack’s first location in Riverside County when it opens in spring 2014.

Riverside Plaza is owned and managed by Vestar.

"We are excited to have Nordstrom Rack as a tenant at Riverside Plaza," said Jeff Axtell, Vestar VP of acquisitions and development. "Nordstrom Rack is a premier retailer who will be a great complement to our existing tenants."

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Perkins Restaurant & Bakery expanding in Iowa and Nebraska

BY Katherine Boccaccio

Memphis — Perkins Restaurant & Bakery announced a six-unit franchise development agreement in Iowa and Nebraska over the next six years.

The expanded development of the Iowa/Nebraska area was signed with Perkins franchisee CyHawk Hospitality Inc., which operates six Perkins Restaurants and Bakeries — five in Iowa and another in Independence, Mo.

The first of the six additional units opened in July in Ankeny, Iowa, to be followed by a location in Norfolk, Neb., slated to open in September.

Altoona, Iowa, is slated for early 2014 and CyHawk Hospitality is currently looking at several different communities in Nebraska as possible locations for the remaining restaurants.

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