X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.