Real Estate Weekly
Image default

CBRE brokers lease for first Freddy’s Frozen Custard & Steakburgers in tri-state

CBRE has arranged a lease for American fast-casual restaurant Freddy’s Frozen Custard & Steakburgers’ first New Jersey location in Linden.

The Wichita, Kansas-based chain has committed to a pad lease for its 3,200 s/f  new store with indoor dining and a double drive-thru. 

The CBRE retail team of Steven Winters, Mike Horne and Nicole Nannola represented  Freddy’s Frozen Custard & Steakburgers’ Northern NJ franchisee in the lease at Legacy Square, a newly developed open air shopping center at 1000 West Edgar Road anchored by Walmart and LA Fitness.

Developed by Cypress Development in partnership with the investment management firm, Stockbridge, Legacy Square is located along Route 1/9 and includes nearly 47 acres of shopping destinations on the site of a former General Motors plant.

Co-founded in 2002 by Scott Redler and Bill, Randy and Freddy Simon, Freddy’s opened its first location in Wichita, Kansas. The brand was acquired by private equity firm Thompson Street Capital Partners in March of 2021. Today, there are currently more than 400 Freddy’s restaurants nationwide in 32 states (33 with the NJ opening in July).

The New Jersey location is one of more than 50 restaurants nationwide the brand aims to open by the end of 2021.

Rendering of the Linden Square development which opened earlier this year

Related posts

AI and cloud adoption propel data center demand to record levels for 2023


The Boulder Group Arranges Sale of Net Lease 7-Eleven Property in the New York City MSA


ONE Park Tower by Turnberry Unveils Luxe Amenities, Interiors