Tag Archives: Matthew Berres

Phoenix + Food: $4.7 Million JLL Dos Gringos Portfolio Sale Reflects Strength

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1361_N_Alma_School_02Investors drawn to success and outlook of local restaurant real estate

Phoenix loves its food, a characteristic that’s growing the local restaurant industry and building a strong investment story for restaurant real estate. This strength is evidenced by JLL’s recent $4.7 million Dos Gringos, Inc. restaurant portfolio sale, a multi-building deal spanning three active retail markets.

JLL’s Tyson Switzenberg, John Reva, Trask Switzenberg and Matthew Berres completed the sale on behalf of Arizona-based Dos Gringos and the portfolio buyer, STORE Capital.

The Dos Gringos portfolio totals 14,695 square feet in three single-tenant, freestanding restaurants in three active retail submarkets: Chandler, South Tempe and Scottsdale. All three buildings are 100 percent leased to the award-winning Dos Gringos restaurant chain.… Read More