The Prakas Group, Inc. Closes Restaurant Sale to Uno Chicago Grill

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Athan "Tom" Prakas, president/broker of The Prakas Group, Inc., a full service firm providing real estate brokerage services specializing in commercial transactions, restaurants and hospitality properties, has announced the completion of a restaurant sale to Uno Chicago Grill in recent activity in Palm Beach County.

Uno Chicago Grill is a franchise business built on successful choices. The menu, outstanding service and deliberate growth plan have led the company to great recognition

    Mr. Michael Bilton, restaurant sales specialist, was broker for the following sale transaction:

Pizzi I Real Estate Ventures, LLC d/b/a Uno Chicago Grill has purchased a 2+ acre outparcel at SR 7/US Highway 441 and Okeechobee Rd., Royal Palm Beach, FL for a future franchise restaurant, Uno Chicago Grill, formerly known as Pizzeria Uno. Mr. Bilton represented the buyer. The seller, Paradise Development, represented themselves. The buyers plan to build a 7,000 SF restaurant on the site. "Uno Chicago Grill is a franchise business built on successful choices. The menu, outstanding service and deliberate growth plan have led the company to great recognition," commented Tom Prakas on the restaurant sale. Estimated occupancy is first quarter 2008. The deal is valued at $1.7 million. The Prakas Group is actively working with Uno Chicago Grill to acquire additional sites in South Florida.

The Prakas Group, Inc., established in 2000, provides brokerage services for restaurant, nightclub and commercial properties throughout all of Florida's metropolitan areas and strategically located properties throughout the country. Other clients of The Prakas Group include The Falcone Group, Boca Tanning Club, Danny DeVito of DeVito's South Beach, Lake Buena Vista Resort Village and Spa, David Manero Restaurants, Johnny Rockets, Burton Handelsman, Anthony's Coal Fired Pizza, Rodney Mayo, Tarpon Bend Restaurants, Gotham City, and Mama Mia's, just to name a few. The company is located at 705 East Palmetto Park Road, Boca Raton, FL, and at 7380 Sand Lake in Orlando. For more information on this restaurant sale, contact The Prakas Group at 561-368-0003, or visit the company's website at http://www.prakasgroup.com.

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