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Friday, May 28, 2010

National Retail Tenants PNC Bank & Corner Bakery Café to Florida Market

Miami, Florida - Finally, One of Florida's largest Commercial Real Estate services firms, recently announced its retail practice has been selected to identify and secure new locations for U.S. restaurant chain Corner Bakery Café. Also PNC Bank, one of America's largest financial services companies will expand in Florida.

Of course the starting process will be negotiating lease agreements with Commercial Real Estate properties. The Commercial Real Estate properties needed are as many as 15 new Corner Bakery Café locations throughout Miami-Dade, Broward and Palm Beach Counties. PNC Bank will be expanding its Florida presence to Broward County.

We look forward to Corner Bakery Café and PNC Bank as they plan their entrance into Florida's competitive restaurant and banking markets. There was rumor of Il Fornaio, who is associated with Corner Bakery, was ready to hit the Clematis Street area in West Palm Beach. That never materialized.

Corner Bakery Café is a national restaurant chain specializing in pastries, breads and gourmet sandwiches. Founded in Chicago in 1991, the chain is today comprised of 115 locations in major markets across the U.S., including Chicago, Los Angeles, Atlanta, and Philadelphia. Il Fornaio Corp. and equity investment firm Bruckman, Rosser, Sherrill & Co. LLC purchased the company from Brinker International in 2006 and subsequently launched an aggressive national franchise strategy.

PNC Bank is the banking subsidiary of PNC Financial Services, a U.S. based financial services corporation founded in Pittsburgh in 1852 as the Pittsburgh National Corporation. PNC Bank is today one of the largest financial services companies in America, with a retail presence in 15 states the District of Columbia. In 2002, PNC became the first major U.S. bank to apply green building standards to all newly constructed or renovated retail branches.

The experiences at Corner Bakery in the Buckhead area of Atlanta have been nothing but favorable. That Atlanta location is close to 2 major Shopping Centers with great locations for Commercial Real Estate.

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