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| Steve Langford |
Atlanta, GA – Ackerman & Co. has brokered the sale of an
18,248-square-foot, turnkey restaurant building in Alpharetta, Ga. to Ruth’s
Chris Steakhouse.
Forgoing the option
to lease, Ruth’s Chris purchased the land and two-story building at 11655
Haynes Bridge Road – formerly award-winning Rainwater restaurant – just
off Georgia 400.
Built in 2001, the 2.3-acre property fronts Haynes Bridge
for maximum visibility and is in close proximity to the Greater North Fulton
Chamber of Commerce.
“That alone should
provide Ruth’s Chris with an immediate and consistent stream of business,” said
Steve Langford, investment sales vice president at Ackerman. Langford,
along Alan Shaw from the Shopping Center Group, represented the seller,
J.D.F. Holdings, LLC, in the transaction.
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| Alan Shaw |
Ruth’s Chris plans to relocate its Sandy Springs restaurant
to the new Alpharetta location by the fall. The company will operate the
restaurant on the first floor and use the second level for their corporate
offices.
This sale was a unique opportunity for a national
owner/occupier to take advantage of current market pricing, expand and relocate
an existing business, and be in one of metro Atlanta’s most affluent and sought
after communities.
For a complete copy of the company’s news release, please
contact:
Fara Wilson, VP of Marketing
770. 913.3904 | fwilson@ackermanco.net
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