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Wednesday, September 17, 2008

NRC Realty Advisors to Coordinate Nationwide Sale of More than 60 Former Bennigan's, Steak & Ale Properties

CHICAGO, IL, September 17, 2008 - More than 60 former Bennigan's Grill and Tavern and Steak & Ale properties located throughout the United States in prime, heavily trafficked locations will be sold next month in a sealed bid sale coordinated by NRC Realty & Capital Advisors, LLC. The bid deadline for the sealed bid sale is October 28, 2008.

"This is a great opportunity for restaurant operators and retail developers looking for proven suburban locations," commented Dennis Ruben, Managing Director of NRC Realty & Capital Advisors, LLC. "These Class A locations are ideal for new franchises, restaurateurs or retailers to make a big impact on a particular market."

Buildings range in size from 5,000 to 8,000 square feet and sites range from one to three acres. Land and buildings are being sold at all sites except eighteen, in which leasehold interests are being sold.

Additional information on each property is available for review at www.nrc.com/820.

The properties will be available for viewing at scheduled dates and times.

The highest concentration of properties is located in prime suburban locations in Colorado, Florida, Illinois and Texas. Other states where properties are located are Alabama, Georgia, Maryland, Minnesota, New Jersey, Ohio, Oklahoma, Pennsylvania, South Carolina and Tennessee.

NRC has prepared a full color sales brochure which can be ordered by calling NRC customer service at 866-447-0680, x820 or by visiting the NRC website at www.nrc.com/820. The brochure contains site-specific information, the terms and conditions of sale, and bidding procedures for each property.

NRC Realty & Capital Advisors, LLC is a 19-year-old Chicago-based firm specializing in the accelerated sale of real estate by auction and sealed bid sale. NRC's clients include major corporations such as Sunoco, Inc., Arby's, Inc., and Bank One Corporation, among others.