Grisanti Group is pleased to announce the recent sale and lease of several restaurant properties.
Agent Joe Grisanti represented the Seller of 10000 Linn Station Rd, which closed in July. This 8,553 sq. ft. restaurant space had previously been occupied by Tumbleweed and most recently Moyas American Kitchen. A sale provided a unique opportunity for the new owners to own a large space with great potential.. This particular sale involved not only the real estate but also a considerable amount of the existing furnishings and equipment, making it an attractive proposition for the Buyer. This property had an out-of-town owner, and Grisanti Group’s relationships with contractors, roofers, and HVAC companies were vital in getting repairs professionally completed before closing. The property was purchased by a church congregation, and we’re thrilled for their next chapter using this awesome Plainview property.
Brokers Paul Grisanti and Nick Grisanti recently represented the owner on the sale of 1004 Bardstown Road. This prominent Highlands property at the corner of Bardstown Rd and Baxter Avenue property had been home to KFC for many years, followed by Yang Kee Noodle, and Maple Street Biscuit Company. Paul and Nick had previously represented the owner on the lease to Maple Street, and following Maple Street’s closure, the owner entrusted them to sell the property and find an owner with a new vision for the space. Grisanti Group helped navigate a number of challenging issues on this site including the Maple Street lease termination agreement, KFC use restrictions, a partial parking lot ground lease with Louisville Water Company, and some historic environmental issues from the property’s long ago use as a gas station. Our experience with tackling similar challenges on past deals allowed us to help guide the transaction through these issues. The new owner is an existing business in the Highlands, and we can’t wait to see them bring their vision to life at this great property.
In addition to these building sales, Grisanti Group’s Raphael Collazo, one of our most experienced restaurant brokers, continues to find great space for his restaurant clients. Raphael recognized when an opportunity arose with a roughly 4,000 SF second-generation restaurant located in a high-traffic retail corridor in Louisville’s East End (1901 Blankenbaker Pkwy). His clients, who operate a multi-location franchise, were drawn to the space due to its functional layout and fully equipped kitchen. The landlords, experienced entrepreneurs in the food and beverage industry, had high standards, and it was crucial to address their questions and concerns thoroughly. Through clear communication and strategic negotiation, he secured a favorable long-term lease, and a prime restaurant location for his clients.
In addition to this most recent deal, Raphael has provided and continues to provide tenant/buyer representation for Alvio’s Cuban Meats, Miki’s Karaoke Bar, and two franchisees of national chains.
Alvio’s was a startup that approached Raphael with the need to find a warehouse space suitable for large-scale meat processing. Raphael spent months exploring various properties, but despite persistent efforts, struggled to locate a space that aligned with their specific requirements and landlord approval.
Eventually, Raphael discovered a former taproom that, while unconventional, had zoning that allowed both meat processing and restaurant operations. Recognizing the potential, Raphael presented this opportunity to his client, who quickly developed a creative concept for a salumeria and restaurant. The landlord was enthusiastic about the idea, and this new direction led to successful negotiations. Alvio’s has now been operating their business in that space for nearly a year, enjoying significant success, and Raphael is already planning to search for another location to support their continued growth.
Raphael began his tenant representation work for a multi-location smoothie franchise operator looking to expand their market presence a couple of years ago. Once tasked with location and space requirements, he began the site selection process and identified several promising spaces. After careful consideration, the franchisee narrowed the focus to a top site and initiated negotiations. The property owner, a large Real Estate Investment Trust (REIT), presented numerous challenges, making the negotiation process complex and difficult. However, Raphael and his client persevered, overcoming the hurdles, and eventually secured a lease. The franchise is now operational at the new location and has been successful and Raphael is actively scouting new locations.
We’re excited to see these businesses thrive and look forward to being loyal customers!