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Menin Development, Inc. is pleased to announce
the opening of leading multi-concept “classic American” dining
restaurant Cheddar’s Casual Café at Magnolia Park in Greenville,
South Carolina. Cheddar’s signed a new 10-year lease earlier
this year and now occupies an 8,000 SF newly constructed free-standing
restaurant building. The building directly fronts Woodruff
Road, the dominant commercial corridor in Upstate South Carolina.
According to Marc Yavinsky, Executive Vice President of Menin
Development, Cheddar’s Casual Café is a perfect fit for Magnolia
Park, “Cheddar’s Casual Café Inc. is a proven restaurant owner
and operator with over 80 restaurants in 20 states. The addition
of Cheddar’s to Magnolia Park will enhance the project’s existing
co-tenancy and further solidify the redevelopment and expansion
of Magnolia Park.”
Magnolia Park is located off Woodruff Road at the intersection of I-85 and I-385. Existing anchors include Regal Theaters, Sports Authority, Costco, Rooms To Go, Bed Bath & Beyond and Old Navy.
Located in Greenville, South Carolina, Magnolia Park currently consists of approximately 700,000 square feet of existing retail space anchored by the top performing Regal Cinemas in North and South Carolina, Sports Authority, Rooms To Go, Cheddar's, Costco Wholesale Club, Bed Bath & Beyond, and Old Navy. In addition, future development at Magnolia Park will consist of an additional 400,000 square feet of retail, 375,000 square feet of office, one or two hotels, and residential. Upon completion, Magnolia Park will include over 1.5 million square feet. www.magnoliapark.com
For leasing information please contact Marc Yavinsky at (561) 282-5715 or myavinsky@menin.com.
Cheddar’s Casual Café is a leading multi-concept “classic American” casual dining restaurant company with over 80 system-wide stores in 20 states, having collective revenues of over $350 million. The company was founded in 1978 in Arlington, Texas by Aubrey G. Good and Douglas H. Rogers. Current Chairman and CEO, Kelly Baltes, is an accomplished industry executive with over 25 years experience. Baltes was previously Executive Vice President of Darden Restaurants, where he was responsible for the operations of over 685 restaurants. Cheddar’s is principally co-owned by Oak Investment Partners and Catterton Partners, two premier U.S. equity investment firms, each with a long history of building and expanding superior restaurant and retail companies. www.cheddars.com.
Menin Development, Inc is a privately held owner, developer and manager of commercial
real estate properties. Founded by Craig I. Menin in 1985, the company is headquartered
in Palm Beach, Florida. Menin, the developer and owner of over $1 billion of
prime retail properties throughout the Southeast, has a current portfolio of
800,000 square feet of existing, high-quality community and grocery-anchored
centers as well as another 2.1 million square feet under development. Throughout
its history, Menin has acquired and/or developed in excess of 3 million square
feet in Florida, Virginia, North Carolina, Louisiana and Tennessee. Principals
of Menin Development, Inc. are Craig I. Menin, Chief Executive Officer; Robert
C. Jacoby, Chief Operating Officer; Marc T. Yavinsky, Executive Vice President,
and Anthony L. Morrison, Chief Legal Officer.
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NOVEMBER
3, 2011