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Chip’s Is Still Closing

Posted on September 4th, 2008 9:37am by Nancy Nichols
Filed under Restaurant News

My post about Chip’s Old Fashioned Hamburgers on Cole closing drew a lot of closet real estate experts out of the walls. So I went back to the PR gal who (should) know more than you and she, one Ms. Alison Gross, e-mailed me back late last night and she says:

No they have not worked out a month to month lease as of now. Thank you.
Somebody in commercial real estate help me here: why would a landlord kick out a successful tenant in this economy? Many of you made great points yesterday about the other empty spaces within blocks of Chip’s. I’m going to find a real estate person to answer some of our questions. Be back at you later.
UPDATE: Chip’s on Cole will close on September 30th.

3 comments

  1. damn!

    @ 5:35 pm on September 4, 2008

  2. Good location in a great market. The site can command a much higher rent than revenues from $6 burgers can cover. They won’t have trouble filling the space. In fact, I will be surprised if they don’t tear down the building.

    @ 8:58 am on September 5, 2008

  3. Then I wonder what that guy was talking about when I called him..

    Excuse me while I crawl up into a ball and cry.

    @ 12:15 pm on September 5, 2008