NAI Realvest | Charles Wayne Commercial Negotiates Ground Lease for Riptides Raw Bar Expanding into
New Smyrna Beach, Fla. --- NAI Realvest | Charles Wayne Commercial recently negotiated a long-term ground lease for a new Riptides Raw Bar & Grill at 471 E. 3rd Ave. in New Smyrna Beach. The new restaurant will bring 100 jobs to the area.
Associate Brad Gifford brokered the transaction on behalf of Waterview NSB LLC the Maitland-based landlord and the tenant, Seacoast Restaurant Group d/b/a Riptides Raw Bar & Grill based in Ormond Beach.
According to Gifford, construction of the 8,500 square foot restaurant should get underway in June on the 1.91 acre tract. It’s the company’s second location with an anticipated opening of March 2020.
“Riptides – a coastal seafood concept that markets all-you-can-eat crab legs, expects to open several more locations up and down the east coast of Florida,” Gifford added.
* * *
*[Rendering provided by Riptides Raw Bar & Grill]
About NAI Realvest
NAI Realvest, serving all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 400 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.NAIRealvest.com.
About Charles Wayne Properties
Charles Wayne Properties is an industry leader with a 40-year track record as an investor and developer throughout the Southeast having developed and managed grocery anchored shopping centers, freestanding retail facilities, and office and industrial parks. Since 1978 the firm has worked with local and national brands in various capacities including brokerage, development, investment sales, tenant representation, property management and receivership. Visit www.charleswayne.com for more information.