Krispy Kreme Doughnuts and El Pollo Loco Open New Stores
Salt Lake City–The Salt Lake City office of CBRE today announced that WKS Restaurant Group (WKS) has opened two new retail stores at the corner of 106th South and State Street in Sandy. Krispy Kreme Doughnuts and El Pollo Loco have opened at the former McGrath’s Fish House site. Russ Harris and JR Moore, first vice presidents and retail specialists in CBRE’s Salt Lake City office, represented WKS Restaurant Group in the transaction.
Built with similar footprints, each of the restaurants totals approximately 3,000 square feet and offers its own drive-thru. Krispy Kreme Doughnuts had its grand opening on November 6th, while El Pollo Loco opened its doors on Tuesday, November 13th. Though based in California, WKS has ties to the Utah market and plans to continue its local expansion of both Krispy Kreme Doughnuts and El Pollo Loco in the coming years.
“This is the first site we have developed where we have built two of our franchise concepts as detached buildings with separate drive-thrus, but a shared parking lot,” commented Paul Tanner, senior vice president of finance and development at WKS Restaurant Group. “By converting the site from a single-user location to two separate, freestanding buildings we were able to control some amazing real estate and realize a great product. JR Moore and his team were indispensable in helping us navigate a complex deal to take an underutilized site and maximize its sales potential.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.