CRIC CAPITAL ACQUIRES WILDFISH RESTAURANT IN NET LEASE TRANSACTION

BOSTON — CRIC Capital, LLC, one of the nation’s leading investors in net leased and other credit real estate, announced the acquisition of Wildfish Seafood Grille in the prestigious Stone Oak Area of San Antonio, TX. This property is net leased back to Eddie V’s Restaurants, Inc., a multi-restaurant company.

Wildfish Seafood Grille is part of a mixed-use project called Plaza Las Campanas that is adding nearly 141,332 square feet of retail, office and restaurant space to one of San Antonio’s fastest growing sectors. With a design that reflects old world architecture, the setting of Plaza Las Campanas encourages pedestrian traffic. Wildfish will be the first restaurant in this high-end residential area consisting of almost no dining establishments.

“It is exciting to work with business owners that put their heart and soul into their restaurants.” said Marjorie Palace, Managing Partner of CRIC Capital, LLC. “This acquisition has allowed us to provide the capital necessary for Eddie V’s Restaurants to continue to successfully expand its business operations.”

About Eddie V's Restaurants, Inc.

Eddie V’s Restaurants, Inc. is a result of a long-time friendship and partnership between two seasoned restaurateurs, Guy Villavaso and Larry Foles, who have over 70 years combined experience in the restaurant industry. Partners for over 25 years, Larry and Guy are responsible for many successful restaurant concepts, including the regional Z’ Tejas chain, that have received numerous awards and accolades over the years.

Headquartered in Scottsdale, AZ, Eddie V’s Restaurants, Inc. manages nine restaurants in Arizona, California, and Texas.  Established in 1981, Eddie V’s Restaurants, Inc. had system-wide sales of approximately $38.5 million in fiscal 2007.  For more information, visit www.eddiev.com.

About CRIC Capital, LLC

CRIC Capital, LLC, a privately-held firm backed by the deep institutional resources of Prudential Real Estate Investors, acquires and net leases individual assets and portfolios of commercial real estate to investment grade and non-investment grade companies, including both corporate and franchisee credits.  Net lease transactions allow corporations and organizations to strengthen their financial positions and free up capital to reinvest in their core business.   Over the years, the Principals of CRIC Capital have been actively involved in closing over $6 billion of net lease transactions.

Contact:
Victoria Nessen Kohlasch
CRIC Capital, LLC
617-388-9862
vkohlasch@nessenkohlasch.com