Linden, N.J. — In a transaction arranged by CBRE, fast-casual restaurant Freddy’s Frozen Custard & Steakburgers will be opening its first New Jersey location this month in Linden. The Wichita, Kan.-based chain has committed to a pad lease for its 3,200-square-foot prototypical building and double drive-thru at Legacy Square, Cypress Development’s new open air shopping center along Linden’s primary retail corridor.
Co-founded in 2002 by Scott Redler and Bill, Randy and Freddy Simon, Freddy’s opened its first location in Wichita, Kan. The brand was acquired by private equity firm Thompson Street Capital Partners in March 2021. Today, there are more than 400 Freddy’s restaurants nationwide in 32 states (33 with the N.J. opening in July).
CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). CBRE’s services include facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. For more information, visit www.cbre.com.
SOURCE: CBRE Group, Inc.