Colliers International in Greater Phoenix recently negotiated a 10-year restaurant space lease at Crowne Plaza San Marcos Golf Resort and Hotel in Chandler.
Crust Management, LLC, of Phoenix, leased 6,550 square feet, 2,850 square feet of which is in the basement of the resort located at 1 San Marcos Place. Crust was represented by Ken Flynn of Realty One Group in Scottsdale.
Michael Farrar, vice president in Colliers’ Scottsdale office, represented the landlord, San Marcos Hotel, LLC, of Chandler.
The tenant will renovate the space for a Crust Pizza, which has restaurants in Scottsdale and Phoenix. Ground was broken in September and the restaurant opening is anticipated in late spring 2015.
“The Crust’s concept is based on the owner growing up in the back of his father’s pizzeria on Long Island where he learned traditional family recipes,” said owner Mike Merendino, adding, “In keeping with the nostalgia of the San Marcos, we’re planning a prohibition speakeasy-style lounge.”
The San Marcos was purchased by Interwest Capital Corporation in January 2013 and a multi-million dollar makeover ensued.
“This historic 1912 resort, with Frank Lloyd Wright-inspired Mission Revival architecture, is listed on the National Register of Historic Places,” Farrar said, adding, “The Crowne Plaza San Marcos is in the heart of Chandler’s entertainment district and is an icon for the East Valley. Crust Pizza will be a valued addition to this signature property.”
