CB Richard Ellis Represents Pei Wei Asian Diner Within Loop West

ORLANDO,FL-- CB Richard Ellis, the world's leader in commercial real estate is pleased to announce Bobby Palta, (top right photo) Senior Associate in Retail Properties, represented Pei Wei Asian Diner, Inc. in signing a 10-year lease in a new 3,000-sq.-ft. space.

The restaurant will be located in the new Loop West in Kissimmee at Osceola Parkway and Thacker Road. The location has just broken ground and a grand opening is scheduled for September/October 2008. "Pei Wei is a strong addition to the Loop submarket, and should give a much needed upscale quick-casual restaurant option to the residents of this growing area," adds Palta.

Pei Wei has over 200 locations in 15 states serving contemporary pan-Asian cuisine. They are the faster, more casual take of their parent company, P.F. Chang's China Bistro.

This will be their third location within Central Florida, joining their existing location at East Colonial Dr and Maguire Rd near Fashion Square Mall; as well as their newest location in Doctor Phillips at the Whole Foods Marketplace at Sand Lake Road and Turkey Lake Road. The Loop West will be their third location and a fourth deal has just been signed near UCF at University Blvd and Technological Way.

Pei Wei will have doubled their presence in the state of Florida by the end of 2008 and shows no signs of slowdown within the Southeast where its performance remains strong despite troubles within the restaurant industry.

In Central Florida, Pei Wei is actively pursuing deals in Altamonte Springs, Lake Mary/Heathrow and Lake Buena Vista submarkets. Bobby Palta, Senior Associate at CB Richard Ellis is the exclusive broker for Pei Wei within Central Florida

CONTACT:

Bobby Palta, 407.839.3124, bobby.palta@cbre.com