Shopping Centers Today International

NOV 2015

Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)

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according to Lauren Hallow, an analyst at Chicago-based Technomic, a food industry research firm. "Many concepts offer grab-and-go fare, but Snap Kitchen appears to be one of the few restaurant chains to solely focus on packaged grab- and-go options," she said. Snap Kitchen operates 29 restau- rants across Texas and Illinois, and an additional four are coming soon: three in Texas — Webster, Flower Mound and Dallas — and one in Chicago. All are company-owned and -operated. The company is planning to open a total of 17 new units by the end of this year, ac- cording to McCarthy. "Many of these new stores will be in our existing mar- kets of Austin, Houston, Dallas and Chicago," McCarthy said. "However, we will also open our first of many stores in the Philadelphia market before the end of the year. We hired Dave Kirch- hoff, former CEO of Weight Watchers, as the new Snap Kitchen CEO." The chain's interior designs are pur- posely simple, to help keep the empha- sis on the food, McCarthy says. The company likes sites measuring between 900 and 1,200 square feet, ei- ther on a freestanding pad or at smaller shopping centers, with a minimum of 15 feet of frontage. "We want locations with good ingress/egress, great parking in front of our store and excellent vis- ibility," McCarthy said. Snap Kitchen's main demographic group is educated professional women in their prime working years — between the ages of 24 and 45. The company therefore seeks shopping centers whose tenant mix caters to corresponding life- style preferences. "Specific co-tenants that we have and like are Lululemon Athletica, Lush, Orangetheory Fitness, Pure Barre, Define, Zoës Kitchen, Chi- potle Mexican Grill, CrossFit, Soul- Cycle and Apple," McCarthy said. "We have a tremendous loyalty program with more than 70 percent of purchases com- ing from repeat customers who visit us several times each week." Charles Scoville, a vice president at the Houston regional headquarters of Edens, was closely involved with leasing space to Snap Kitchen at two Dallas cen- ters in 2014. "We are actively working on more locations with them because we feel that they hit the bull's-eye for our targeted customers," Scoville said. "Snap Kitchen's stores are bright, mod- ern and attractive." S C T For leasing, contact Bill McCarthy, chief development officer, at (512) 428-4000, ext. 4015, or bill_mccarthy@snapkitchen.com. 32 S C T / N o v e m b e r 2 0 1 5 r e T a i l i n g T o d a y INVESTMENT SALES | CAPITAL MARKETS | ADVISORY SERVICES MEET OUR MID-ATLANTIC PROFESSIONALS AT ICSC New York Tier B | Booth 248 Los Angeles • Washington, D.C. • Baltimore • Philadelphia • Dallas • Fort Worth retail@greysteel.com | P. 202.280.2722 | www.greysteel.com CA License No: 01984315 | D.C. License No: LL98371301 | MD License No: 636050 PA License No: RB068196 | TX License No: 9003203 | VA License No: 0226023703 © 2015 The Greysteel Company, Inc. All rights reserved.

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