J. Alexander’s Holdings, Inc. (NYSE: JAX) (the Company) has signed a lease to build and operate a new J. Alexander’s restaurant in Madison, AL.
Mark A. Parkey, President and Chief Executive Officer of J. Alexander’s Holdings, Inc., said the new J. Alexander’s restaurant will be located on a 2.8-acre site at the entrance to Town Madison on Town Madison Boulevard just west of Redstone Arsenal. Town Madison consists of 560 acres of mixed-use property focused on residential, office, retail and entertainment. Breland Company, one of the largest commercial and residential developers in the Mid-South, is the developer while Shea Design, Minneapolis, MN, is the architect of the new restaurant.
Parkey said plans for the new restaurant will include approximately 7,350 square feet with seating for more than 200 guests. Approximately 100 full and part time professionals are expected to be employed to operate the restaurant once it opens.
“We are extremely pleased to announce plans for our newest J. Alexander’s restaurant,” Parkey said. “The signing of this lease follows extensive research to identify the most desirable site in this premier community. Town Madison boasts a superb business climate and quality of life. Over the years,” Parkey continued, “we have earned a loyal following of guests from the greater Madison County region at both our J. Alexander’s restaurant in Franklin, TN and our Redland’s Grill in Hoover, AL. As such, we are excited with the opportunity to be in Madison and bring discerning guests the finest in classic American cuisine created by culinary professionals and a concept that spans nearly 30 years.”
Parkey said construction is expected to begin this spring with an opening currently scheduled for the fourth quarter of 2020.
Known for its wood-fired cuisine, the J. Alexander’s menu will feature a wide selection of American classics – hand-cut steaks, fresh seafood, prime rib of beef roasted on the bone, and premium sandwiches, along with a large assortment of interesting salads and homemade desserts. J. Alexander’s restaurants also offer an outstanding selection of award-winning wines by the glass and bottle.
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