Kotis Properties Acquires Key Parcel in North Raleigh (08/27/2009)
Kotis Properties announced today that they have purchased a tract of land at 4404 Old Wake Forest Road in North Raleigh.
This acquisition adds to the 7-acres Kotis already controls on the busy Wake Forest Road retail corridor. “Having this piece of the puzzle really opens up a number of options,” said Jeff Nimmer of Kotis Properties. “It’s the largest zoned tract of land left in North Raleigh. It located next to a new Super Wal-Mart and it sits along a restaurant row including Hooter, Carolina Ale House, Pei Wei, Dunkin Donuts, and TGI Fridays.” Nimmer cited general retail, office, restaurant, and medical as potential uses on the site. “The zoning allows us to do a great deal, so we are open to all potentials.”
ALSO IN THE NEWS
Dunkin Donut Opens in Kotis Redevelopment
Dunkin Donuts has opened in a shopping center being redeveloped by Kotis Properties in Greensboro. (08/25/2009)
 Doctor’s Express Signs First Carolinas Deal
Doctor’s Express, a Baltimore based urgent care franchise, has signed its first deal in the Carolinas and will locate in a 2,700-sf endcap space at the Oak Hollow Village Shopping Center on Eastchester Drive in High Point, NC. (08/10/2009)
New Charleston Office
Kotis Properties, in an effort to have a more prominent presence in the Charleston market, has relocated its' Charleston office to 102C Broad Street. (06/29/2009)
Osaka Sushi to Open in Myrtle Beach, SC
Osaka, a sushi buffet, is scheduled to open at 501 Village Shopping Center, a Kotis owned shopping center in Myrtle Beach. (06/01/2009)
Vonn Jazz Lounge to Relocate in Columbus, OH
Vonn Jazz Lounge, a sophisticated jazz and blues lounge as well as fine dining restaurant, has relocated to one of Kotis Properties fully equipped restaurants located in the Worthington Area of Columbus, OH. (05/28/2009)
Kotis Properties Brings New Restaurant Concept to Carolinas
Kotis Properties has leased their restaurant property at 520 University Center Drive in Charlotte to Bikinis Bar and Grille. (05/01/2009)
Kotis Properties News Archive - Denny’s Opens Doors in Charleston and Surfside Beach
Kotis represented Denny’s in the opening of a N. Charleston, SC location in 2008 and a Surfside Beach, SC location in 2009. (04/15/2009)
Kotis Restaurant Group Finalizes Two Golden Corral Deals
Kotis Restaurant Group announced today the completion of Golden Coral deals in Charlotte, NC and Danville, VA. (03/15/2009)
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IT'S NOTEWORTHY
Urgent care franchise company Doctors Express to open in Triad (Friday, August 7, 2009)
An urgent care franchise company will open a new facility in High Point this fall and is planning to open at least five more in the Triad as part of a $1.4 million investment.
Banks still wary of lending for commercial deals (Friday, July 10, 2009)
Is $12 million too much to ask? “Forget it,” is the answer Dale Tweedy, of commercial real estate development firm CentDev, gets from every banker he’s asked lately.
Fishers Grille owner buys site, plans pizzeria (Friday, May 15, 2009)
The owner of Fishers Grille near downtown Greensboro is planning to turn the former home of Red Mike’s Grocery into a pizzeria.
Kotis to invest up to $20M renovating former factory (Friday, May 15, 2009)
Despite market conditions, Gate City developer Marty Kotis is ready to move forward with a multimillion-dollar renovation of a former hosiery mill, contingent on financing, into high-end residential lofts and office space.
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