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VOL. 127 | NO. 239 | Friday, December 07, 2012

Sarah Baker

SEND COMMERCIAL LEASE ANNOUNCEMENTS to Sarah Baker, who can be reached at 521-2464 or sbaker@memphisdailynews.com.

Brooks Brothers Relocating to Saddle Creek

By Sarah Baker

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High-end clothier chain Brooks Brothers plans to open a new location at The Shops of Saddle Creek West in Germantown.

The New York City-based retailer will open in 7,500 square feet of space at 7509 Poplar Ave. by early June, taking over the two suites formerly occupied by Indigo and Talbots Men’s. Indigo last month relocated and expanded two spaces down into the old Natural Body Spa & Shoppe space.

“The 7,500-square-foot location will allow us to offer our customers a wider product assortment,” said Brooks Brothers spokesman Arthur Wayne. “The new store will replace our current location at the Wolfchase Galleria.”

Brooks Brothers was founded in 1818 by Henry Sands Brooks, marking the first ready-to-wear fashion merchant in America. The company is credited with introducing the U.S. to the button-down dress shirt, pink dress shirts, lightweight summer seersucker suits, Madras and other styles.

Saddle Creek is a 148,000-square-foot lifestyle center leased and managed by Fort Worth, Texas-based Trademark Property Co. Vince O’Toole, senior vice president leasing with Trademark, was the leasing agent.

The arrival of Brooks Brothers is another boon for the upscale center, which has landed Free People, Kate Spade, Brighton Collectibles and Anthropologie recently.

“We’re excited to have them back, they used to be at Saddle Creek a long time ago,” said Kenneth Taylor, general manager of The Shops of Saddle Creek. “Obviously, the Saddle Creek customer and the Brooks Brother customer are a natural fit.”

A $400,000 permit application was recently filed with the city-county Office of Construction Code Enforcement for Brooks Brothers’ tenant alterations.

Taylor said Saddle Creek is also working toward securing a replacement tenant for the old American Café space. In addition, Trademark is looking at scenarios for a possible expansion of Apple’s current 6,400-square-foot store to the retailer’s new store footprints that span 8,500 square feet.

“We’re seeing what the architects can come up with in order to come up with that amount of square footage,” Taylor said. “We would have to either do a built out behind the building, maybe bump out their storefront façade a little bit, or wait until another tenant’s lease expires and see if we can move them into that space.”

• In other commercial leasing news, the owners of El Toro Loco Mexican Restaurant have signed a 5,400-square-foot lease at 6542 Quince Road for a new Mexican seafood concept called Los Cobas.

The restaurant will fill the old Spring Buffet space in Kirby Gate Shopping Center owned by Gill Properties. Tenants in the 73,655-square-foot Southeast Memphis center include ATC Fitness, T.J. Mulligan’s, Mayuri Indian Restaurant and Walgreens.

Jennifer Stewart and Patty Lycan of Gill Properties’ sales and leasing represented both sides of the deal.

Stewart said Los Cobas, which was modeled after an eatery in Houston, will fill a need in the center and its surrounding area for another sit-down dining option.

“It’ll make another full-service restaurant onsite – we only have Mayuri and T.J. Mulligan’s,” Stewart said. “And especially given the sale of the land across the street to the MED, we feel like there’s going to be a need in the service area that’s going to be able to be filled by Los Cobas. Plus there’s not another concept like this in the Memphis area.”

Los Cobas is anticipated to be open shortly after the first of the year.

• Meanwhile, Kathy Katz, owner of Cooper Street 20/20, has inked a 1,250-square-foot lease at 800 S. Cooper St.

Formerly known as 20/20 Diner for 25 years and housed in a 700-square-foot space in the Southern College of Optometry, Katz opted to expand her fresh prepared foods business into Cooper-Young in the commercial kitchen vacated by Muddy’s Bake Shop.

“I decided to do this because I’ve been at the farmers market Downtown for five years and I’ve got such a huge following with my small little 22 items,” Katz said. “When this came up, it was kind of like a dream come true because I can make anything I want. Today, we decided to make chicken roulade stuffed with spinach and mushrooms with a lemon sauce over it. At the college, I’d have to make you a turkey sandwich with Swiss cheese. If I made this fancy stuff, they wouldn’t eat it.”

Katz, a self-taught chef featured in publications like Southern Living magazine, tries to buy all of her ingredients locally and the majority of her food is low-fat and vegetarian.

Cooper Street 20/20 is now open for business at the corner of Cooper and Elzey Avenue in a building owned by Inbalance Fitness’ Scott Lebowitz.

• And in acquisitions, two buildings in Bluff City Business Park at Getwell Road and Interstate 240 have traded hands.

Ziad S. Ozrail of Kortz LLC and his partners Rafat Khmous, Talaat Khmous and Mohd Hassan closed on 1810 Getwell Road and 1780 Getwell Road, Lot 1 and Lot 2, for $800,000.

J. Max Hamidi, broker with Re/Max on Track, represented the buyer. Jon Isbell, assistant vice president with Boyle Investment Co., represented the seller, Milton T. Schaeffer.

Lot 2 was formerly a Bluff City Buick. That building is going to be used for a used car lot, Hamidi said. Lot 1 will be used as a surplus furniture and appliance store.

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