The Lightstone Group, David Lichtenstein, Signs Sonic to Long-Term Lease
The Lightstone Group announced today that Sonic Drive-In has signed a 40,000-square-foot, long-term lease at its Martintown Plaza shopping center in North Augusta, S.C.
The transaction is a renewal on a five-year lease Sonic already had to operate in the shopping center. The operator of the Martintown Sonic operates more than 20 restaurants in the Aiken County, S.C., area.
Sonic Drive-In started as a local hamburger stand in 1953 and has since grown into the largest drive-in chain in the restaurant business, and has the highest customer frequency rate in the quick-service restaurant industry.
'Martintown Plaza has proven to be a very successful location for Sonic,' said David Lichtenstein, CEO and founder of The Lightstone Group. 'The complex is located close to major roads in Aiken County and is convenient to many of the big shopping plazas in the area, allowing traffic to flow naturally into the restaurant.'
Martintown Plaza is a 144,000-square-foot retail strip located at 1101 Knox Road in North Augusta, S.C. Tenants include Office Depot, Belk, Jackson Hewitt, Dollar General, CitiFinancial, Ruby Tuesday and Taco Bell. The shopping center is also near Wal-Mart and Kmart Centers.
Logos, product and company names mentioned are the property of their respective owners.
- Sonic Appoints New Chief Marketing Officer
- Sonic Reports First Quarter 2012 Results
- Sonic Reports Fiscal Year-End 2011 Results
- Sonic Reports Positive Same-Store Sales in Fiscal 2011
- Sonic's Positive Sales Result in Increased Operating Income
- Real Mex Board Accepts Noteholder Bid to Acquire Company’s Assets
- Starbucks to Partner with Ai Ni Group to Bring China’s Yunnan Coffee to the World
- CiCi's Pizza Announces 2012 Growth Plans
- Togo's Eateries, Inc. to Open 28 New Restaurants in 2012
- UFood Restaurant Group Partners With Euro Cafe for Co-Branded Concept Locations in Multiple Trade Channels
