Grill Concepts Opens Daily Grill Restaurant in Santa Monica's Colorado Center
18 4월 2005 - 9:20PM
PR Newswire (US)
Grill Concepts Opens Daily Grill Restaurant in Santa Monica's
Colorado Center LOS ANGELES, April 18 /PRNewswire-FirstCall/ --
Grill Concepts, Inc. (NASDAQ:GRILE) today announced the grand
opening of its 20th Daily Grill restaurant, located in Santa
Monica's professional and entertainment district in the Colorado
Center. The newest Daily Grill, situated at the intersection of
Colorado Avenue and 26th, joins a host of entertainment/media
heavyweights -- including MTV, CBS Enterprises and soon-to-be
Yahoo.com -- as tenants of the 15-acre complex, owned and managed
by Equity Office Properties Trust, the nation's largest publicly
held real estate investment Trust. The Colorado Center encompasses
six buildings and more than one million square feet of office and
retail space in an open air campus featuring outside walkways amid
lush landscaping. Grill Concepts opened the doors to its 7,500-plus
square-foot Santa Monica Daily Grill to welcoming crowds of both
corporate and residential guests. The new $2.2 million restaurant,
including the bar and patio, seats nearly 240. It also features two
side-by-side private dining rooms that already have accommodated a
number of corporate lunches and private events. The company has a
15-year lease with options on the property. "We are very pleased
with the early performance of the Santa Monica Daily Grill," said
Robert Spivak, president and chief executive officer of Grill
Concepts. "In addition to the extremely busy lunch crowds, take-out
and delivery orders started strong and continue to grow. The
restaurant has the busiest bar of all its Southern California
restaurants. "Our newest Daily Grill also has been a welcome
addition for nearby residents who appreciate our signature,
made-from-scratch, classic American grill fare," Spivak added.
About Grill Concepts, Inc. Grill Concepts owns and manages upscale
casual and fine dining, full service restaurants under two core
brand names: The Grill on the Alley and Daily Grill. The company
operates 24 restaurants, including four The Grill on the
Alley-branded restaurants in Beverly Hills, Hollywood, San Jose,
and Chicago, as well as 20 Daily Grill restaurants in Southern and
Northern California, the Washington, D.C. metropolitan region,
Houston, Portland, Oregon and Skokie, Illinois. DATASOURCE: Grill
Concepts, Inc. CONTACT: Philip Gay, Chief Financial Officer of
Grill Concepts, Inc., +1-310-820-5559; or Roger Pondel or Angie
Yang, both of PondelWilkinson Inc., +1-310-279-5980, , for Grill
Concepts, Inc. Web site: http://www.pondel.com/
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