VOL. 127 | NO. 58 | Friday, March 23, 2012
Yorkshire Center Adds Las Delicias to Mix
By Sarah Baker
A popular Mexican restaurant has inked its third Memphis-area lease.
Las Delicias Mexican Bar and Grill has signed a 6,400-square-foot lease in Yorkshire Center, 5689 Quince Road. The space formerly housed Thyme Bistro – which closed in June after about a year in business – and Jarrett’s for 15 years prior.
Las Delicias is owned by Antonio Martinez and has two other Memphis locations, one in East Memphis at 4002 Park Ave. and one in Hickory Hill at 3727 S. Mendenhall Road. The Yorkshire location is expected to be open in about 90 days.
Yorkshire Center is owned by Loeb Properties Inc. Loeb vice president brokerage Aaron Petree represented the landlord in the deal. The tenant was unrepresented.
Loeb acquired the 52,365-square-foot center in 1996 and made renovations in 2007. Yorkshire Center is 83 percent occupied and includes tenants MemFish, Johnson Chiropractic, Posh Styling Salon, Fellowship of Christian Athletes, Straight from the Heart Hair & Nail, American Reprographics Co., First American Bank, SecureWatch, Raindrop Turkish Foundation, Yorkshire Liquors and Neil’s Bar.
Loeb said the only vacancy is the former xpedx space.
Neil’s Bar signed a 6,000-square-foot lease in Yorkshire Center in January, taking over the space that was once occupied by Whole Hog Café. Neil’s was located for nearly 20 years in Midtown at 1835 Madison Ave. before an August fire destroyed the property.
But Loeb was actually trying to attract a Mexican restaurant before the company signed Neil’s, Petree said.
“We thought the Thyme Bistro space set up perfectly as a Mexican restaurant – there is a wonderful outdoor patio attached and plenty of space inside with a great bar, so we marketed it as such,” Petree said. “Las Delicias contacted us once they received our Mexican restaurant marketing flyer. The neighborhood has nothing like it, so we feel it will fill a void there. We knew this would be a great amenity to the center and for the neighborhood, and could pull from the nearby daytime office population near Poplar/240.”
Unlike Loeb’s other centers around town, Yorkshire is more of a neighborhood shopping center rather than being on a main artery, Petree said.
“Our main goal for Yorkshire has been to attract more retail users to drive traffic to the center and to meet the needs of the surrounding neighborhood,” Petree said. “After completing a renovation in 2007, our goal now is to lease the one remaining space in the center.”