The freestanding building was previously occupied by Nati’s Mexican Restaurant for nearly 60 years before leasing to Social Syndicate, which will pay homage to Nati’s by putting a brand new Mexican concept in the space. This property is owned by Nati’s Inc. and controlled by Foley Development, who plans to develop the land directly behind the restaurant into a large apartment development.
Mike Spilky of Location Matters represented the landlord and tenant in this transaction. A new 10-year lease valued at $2.41 million was signed for this corner restaurant location. Social Syndicate will occupy 2,660-square-feet, with an additional 1,468-square-feet of patio space.