Trout Daniel & Associates Facilitates Five Guys Burgers & Fries Expansion in Maryland
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New South Salisbury Site to Open June 7, 2010
A Second Site in West Ocean City to Open in July 2010
Additional Prime Retail Space Adjacent to
New Salisbury Location Still Available
Timonium, MD - Trout Daniel & Associates, a full-service commercial real estate company, recently brokered the purchase of a 6,000 square foot retail space for Five Guys Burgers & Fries at 1311 South Salisbury Boulevard. The new Five Guys is located across from Salisbury University and slated to open on June 7, 2010.
Jonathan Garritt, Associate with Trout Daniel, represented the buyer, Mike McLaughlin, a regional Five Guys franchisee. Wesley Cox of Sperry Van Ness represented the seller of the property.
“We have been aggressively researching locations for Five Guys on the Eastern Shore,” said Garritt. “While we liked some of the space available for lease, this property near Salisbury University’s campus was the best fit and we felt strongly that purchasing was a better option for our client. This property will undoubtedly increase in value and serve as an asset for years to come.”
According to Garritt, a main factor that made this location an ideal fit for Five Guys is that a new mixed used development, Seagull Square, is set to open directly across the street in 2011. The project will include a 600+ student dorm for Salisbury students. College-age consumers are a key customer group for Five Guys.
With the completion of this most recent purchase, Mike McLaughlin will open his fifth Five Guys franchise in the region.
While the new Five Guys restaurant will occupy approximately half of the retail space in the building, Trout Daniel is seeking a complimentary tenant to occupy the 3,000 square feet of adjacent retail space. Trout Daniel is seeking cell phone retailers, salons or other retailers that would be appropriate for the location and appeal to the surrounding student and residential population.
About Trout Daniel & Associates
Trout Daniel & Associates is a full-service commercial real estate company serving businesses throughout the Mid-Atlantic and beyond. The firm takes a highly-customizable approach to providing a full range of commercial real estate services, including brokerage, development, consulting and management services to the retail, office, industrial, multi-family and investment market segments. For more information visit www.troutdaniel.com or call 410-435-4004. |
