Steak ‘n Shake, the Midwestern chain famous for its hamburgers and shakes, plans to open seven restaurants in Baton Rouge and New Orleans. Bob Franke, senior vice president of franchise development for Steak ‘n Shake, says an agreement has been reached with a local franchise group to build the locations. This is part of an aggressive push by Steak ‘n Shake to open 1,000 new restaurants in the next couple of years. Franke says the local franchisees are eyeing stand-alone locations and restaurants inside strip shopping centers. Indianapolis-based Steak ‘n Shake has nearly 500 restaurants but none in Louisiana. Franke says the plan is to open the chain’s first Louisiana restaurant by the fall. For the rest of Real Estate Weekly, click here. —Timothy Boone
Steak ‘n Shake eyes 7 B.R., N.O. locations
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