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VIRGINIA BEACH, VA-Popular eatery the Cheesecake Factory has snagged a spot in the Town Center of Virginia Beach, a new mixed-use development covering a 17-block area in the city’s Central Business District. The restaurant will occupy a nearly 12,000-sf space under a 20-year lease, Stephanie Salazar of project developer Armada Hoffler Development Co. tells GlobeSt.com. Divaris Real Estate Inc. which is responsible for retail and office leasing and management activity for the property, lists rental prices in the 825,000-sf retail portion of he Town Center at $25 to $35 per sf.

“Cheesecake’s commitment to the Town Center of Virginia Beach, underscores the quality of this location, the strength of the market and the compatibility of the mixed uses that have been assembled for the development,” Divaris chairman/CEO Gerald Divaris notes.

The restaurant marks the Cheesecake Factory’s second Virginia location, and its first outside the Metropolitan Washington, DC area in Virginia. Other restaurants at Town Center include California Pizza Kitchen and PF Chang’s China Bistro.

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