ATLANTA – Pei Wei Asian Diner (Pei Wei), a quick-casual restaurant that serves freshly prepared, wok-seared, contemporary pan-Asian cuisine, has selected SRS Real Estate Partners (SRS) to find its first-ever location in the state of Georgia. Steve Gunning, vice president for SRS’ Atlanta office, is representing the Scottsdale-based eatery in their search.
“Pei Wei’s commitment to us is a testament to their confidence in the capabilities of our professionals and our platform to meet their needs as they expand into Georgia,” said Gunning. “We are honored to be part of their entry into this market and look forward to finding them perfect locations.”
Pei Wei was launched in July 2000 as a growth vehicle for P.F. Chang’s China Bistro (P.F. Chang’s). The 3,000-square-foot restaurant leverages the heritage and culinary expertise of P.F. Chang’s, while attracting a broader audience by providing a convenient place for everyday eating versus a dining destination. Currently, Pei Wei operates more than 165 company-owned stores in 20 states.
“We are excited to bring Pei Wei to Atlanta and give a city that loves and appreciates food a taste of our Pan-Asian cuisine,” said Rick Federico, CEO of Pei Wei. “Our menu, offering a variety of classic to exotic dishes from five Asian countries combined with an urban-inspired atmosphere, encourages our guests to step off the beaten path and travel to a place we like to call ‘East of Usual’.”
The average Pei Wei store generates more than $1.8 million per year in sales, and in excess of $800 per square foot in some locations. More than 40% of sales come from the diner’s take away business and less than 2% is from beer and wine. Meaning, the restaurant generates substantial foot traffic for a retail center.
About SRS Real Estate Partners:
SRS Real Estate Partners (SRS) is the largest national real estate company in the country exclusively dedicated to retail services. Headquartered in Dallas with multiple offices nationwide, SRS’ strong presence across the country provides the company with unparalleled local knowledge on a national platform. As a result, clients of SRS have a competitive edge through a full range of services including tenant representation, landlord representation, land brokerage, disposition services, investment services, lease administration, and managed services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. For more information, please visit srsre.com.
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