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News release

Chicago, IL.

Popular Restaurant Concept Bar Louie Selects Jones Lang LaSalle for 100-Location Nationwide Expansion

Organically-grown company to focus on existing well-located, ready-to-occupy restaurant locations in 20 core national markets  


CHICAGO, March 28, 2011 — Bar Louie,  an award-winning bar and restaurant concept created in 1991 in Chicago, is undertaking a major national expansion initiative of more than 100  new locations in 20 markets nationwide and has appointed Jones Lang LaSalle as its exclusive real estate advisor. Jones Lang LaSalle will work in tandem with Bar Louie’s real estate team and select brokers in various markets to leverage both tenant-favorable conditions as well as the availability of vacant full-amenity restaurant space located within high-density urban and suburban markets.  

The success of its concept has allowed Bar Louie to grow organically to nearly 50 locations nationwide. Its aggressive expansion plan calls for 20 new locations open by the end of 2011, including up to 10 new franchise locations.

“Now is the ideal time to pursue a robust expansion program that will support our strategic growth goals and bring the Bar Louie brand and concept to new customers around the nation,” said Chris Devlin, Bar Louie’s Senior Vice President of New Business Development. “We selected Jones Lang LaSalle as our partner in this venture because of its broad retail experience, proprietary store deployment technology, and wide reach within the brokerage community nationwide.”

Jones Lang LaSalle has assembled a team of experts within its Corporate Retail Solutions practice to lead the execution of the company’s strategy including Greg Ferrante in the Baltimore office, and Chris Malherbe and Lew Kornberg in the firm’s Chicago office.

Awarded the "Concept of Tomorrow" by Restaurant Hospitality Magazine, Bar Louie is a national neighborhood restaurant and bar concept featuring upbeat surroundings within a warm contemporary aesthetic and has grown to nearly 50 locations in more than 15 markets. The company was recently acquired by Florida-based Sun Capital Partners Inc., the nation’s fourth-largest restaurant-focused private investment firm, whose restaurants include Boston Market, Fazolis, Friendly’s and many more.

“With the vision and successful track record of Sun Capital Partners, Bar Louie is poised to grow revenue through strategic new store deployment in prime locations at favorable market rates,” said Ferrante, Vice President within Jones Lang LaSalle’s Corporate Retail Solutions group. “Today’s retail market offers growth-oriented restaurants like Bar Louie a perfect mix of cost-effective rental rates, great locations, and a customer base that is eager for an intriguing new concept.”

Markets targeted for multi-store expansion include Boston, Providence, New York City, North New Jersey, Baltimore, Washington D.C., Maryland, Northern Virginia, Richmond, Newport News, Norfolk, Miami, West Palm Beach, Fort Myers, Dallas Fort-Worth, Austin, Houston, San Antonio, St. Louis, and Chicago.

Jones Lang LaSalle will develop an store expansion strategy and oversee all elements of the leasing process throughout the next several years, using a ‘best broker’ model in each market. Bar Louie will focus on existing restaurant space to minimize the cost of interior build-out but will tailor the aesthetic of each new restaurant to the location. Bar Louie is targeting existing restaurant space that is ready to occupy in the range of 4,000 to 7,000 square feet. 

Bar Louie will leverage Jones Lang LaSalle’s proprietary OneView GIS site selection tool to determine the best location in each local market based on demographics and competition, customer survey data, a performance analysis of current stores, and an analysis of the key attributes that impact sales. 

“The OneView GIS tool exponentially enhances our ability to select locations for Bar Louie that will be as profitable as possible, allow for ‘smart growth,’ and support the vision of this long-standing restaurant concept,” said Kornberg.

Jones Lang LaSalle also recently completed Bar Louie’s 10,000-square-foot headquarters relocation from Glenview, Illinois to Addison, Texas.

Jones Lang LaSalle’s Corporate Retail Services team provides a full range of outsourced real estate services for its retail clients, managing both their new store rollout process and their existing store portfolio. The team’s portfolio of clients includes financial institutions; sporting goods retailers; and automotive, grocery and furniture stores. Over the past 18 months, the practice has nearly doubled in size and tripled the number of clients it serves. For more information, please contact Greg Ferrante at (410) 821-1817.

About Bar Louie

Awarded "Concept of Tomorrow" by Restaurant Hospitality Magazine and winner of Cheers 2010 & 2011 Beverage Excellence Awards, this hip neighborhood restaurant and bar concept with more than 45 locations nationwide features a casually upbeat atmosphere with contemporary décor, modern lighting and multiple plasma televisions, making it a favorite gathering place for family and friends. Bar Louie specializes in small plates, large plates, salads, oversized signature sandwiches and handcrafted specialty cocktails including a wide assortment of beers, microbrews and wines by the glass or bottle. Open daily from 11 a.m. to 2 a.m. for lunch, dinner, after-work cocktails & late night dining. Visit Bar Louie online at www.barlouieamerica.com

About Sun Capital Partners, Inc.

Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in companies that can benefit from its in–house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 220 companies worldwide with combined sales in excess of $40 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, as well as affiliates with offices in London, Paris, Frankfurt, Shanghai and Shenzhen. For more information, please visit www.SunCapPart.com.
 
About Jones Lang LaSalle

Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 60 countries from more than 1,000 locations worldwide, including 185 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $41 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.