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SEATTLE-Fox Sports and B&B Restaurant Ventures of Westlake Village, CA are opening the third unit of their fledgling Fox Sports Grill chain in the heart of Downtown’s shopping district.

The duo signed a 15-year lease for 15,500 sf in the basement of the former I. Magnin building at Sixth Avenue and Pine Street, the upper floors of which are now occupied by Old Navy and a Gene Juarez salon. About $1 million will be spent to build out the space, which includes a street-level entrance lobby. The lease rate is not being released by the parties involved, but local brokers tell GlobeSt.com the space was probably had for an annualized rate of between $15 and $20 per sf.

The property is owned by Madison Marquette, which acquired the building several years back before gutting it and leasing up the upper floors to the aforementioned tenants, Madison Marquette’s Robert Pittman tells GlobeSt.com. The basement has never been rented since they acquired the building, he says, though the Planet Hollywood chain had planned to open a restaurant in the space prior to its demise.

When it opens this fall, it will be the third Fox Sports Grill in the nation. The second in the chain opened two months ago in Irvine, CA, and the first one opened in Scottsdale, AZ, last November. The restaurants so far are being opened in markets that do not already have an ESPN Zone. That chain has restaurants in eight markets–Las Vegas, New York, Washington, DC, Atlanta, Baltimore, Chicago, Denver and Anaheim, Calif.

There is a connection between the two competing chains. Fox Sports Grill was founded by former Walt Disney Co. manager William Freeman, who worked for the ESPN Zone chain while at Disney. B&B’s executive vice president, executive chef and marketing director also worked for ESPN Zone.

All three Fox Sports Grill locations are a little different. The Seattle Fox Sports Grill, in addition to a bar and dining area, will have a cigar lounge, a wine room and a banquet room. The Scottsdale version was done up in a pro-shop theme and the Irvine location is closer to 30,000 sf, which is more like the size of the ESPN Zone locations.

In addition to the new Fox Sports Grill chain, Fox Sports is also in partnership with airport concessionaire HMS Host, developing Fox Sports Skybox bars, mostly in airports and malls. That chain has seven units.

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