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Arby's inks NY development deal
August 5, 2008
ATLANTA — Arby's Restaurant Group Inc. has signed an agreement with Charles Chera of RCNY Restaurants LLC for the development of 41 new Arby's restaurants throughout the New York metropolitan area over the next 10 years.
The Chera family represents large landlords and tenants looking for retail space through their real estate company, R.C. Chera Realty Group LLC. Charles Chera will be the chairman and CEO of the company, while his sons, Raymond and Ralph, will serve as president and vice president of the restaurant business and will be responsible for the day-to-day operations and the development of sites.
"For our Arby's expansion, we are typically seeking in-line locations of approximately 2,500 square feet, freestanding locations with a drive-thru of approximately 3,000 square feet, and food court locations for malls and airports of approximately 800 square feet," Charles Chera said.
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