(KRON) — Elevating Cane’s is placing its cash the place its mouth is to open a brand new location within the East Bay.
The favored quick meals chain has bought a constructing in Berkeley with plans to open there within the “next few years,” a Elevating Cane’s consultant instructed KRON4. The property is positioned at 2310 Telegraph Ave., proper off the southern a part of UC Berkeley’s campus.
Elevating Cane’s bought the constructing for $12.7 million, in keeping with Alameda County public information filed on Feb. 21. The house encompasses a number of items throughout greater than 10,000 sq. toes with Walgreens as its anchor tenant. Positioned on Bancroft and Telegraph, the property additionally features a house that was beforehand occupied by Subway.
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Whelan’s Smoke Store is one other enterprise that’s a part of the constructing. Beginning on Feb. 21, the store has 60 days to vacate the house because the enterprise accepted a buyout, actual property firm Levin Johnston’s Senior Managing Director Robert Johnston instructed KRON4. Johnston dealt with the sale of the Elevating Cane’s’ eight-figure transaction.
Elevating Cane’s plans to make use of that vacant house left by the smoke store to open its restaurant as a part of its upcoming Berkeley location, Johnston stated.
Though not set in stone, Johnston stated all indicators level in the direction of Walgreens ending out its lease that ends in 2036. In response to Johnston, Walgreens was supplied a buyout to depart the house however declined.
KRON4 reached out to Walgreens for remark about its plans amidst Elevating Cane’s constructing buy. We didn’t hear again in time for publication.
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Again in 2022, Elevating Cane’s was speculated to open in Berkeley on 2580 Bancroft Means, however these plans have been later nixed, the San Francisco Chronicle studies. The outlet studies that “Raising Cane’s (was) actively looking for another Berkeley site that is a better fit.”
There are at present 5 Elevating Cane’s within the Bay Space: Oakland, Hayward, Colma, Vacaville and Fairfield. A restaurant is ready to open in San Jose on April 1.
Elevating Cane’s was based in Louisiana in 1996 — identified for its signature hen fingers. There are greater than 800 Elevating Cane’s throughout greater than 40 states in the USA.
