To mitigate losses and increase margins, restaurants today are addressing their “back of house” expenses by locating them in a centralized offsite kitchen facility. These “Ghost Kitchens” enable restaurants to scale efficiently with lower expenses, in some cases, creating entirely new brands that live online. Ghost Kitchen facilities require fewer employees and can be located in areas more optimal for delivery, which can help reduce food costs and delivery times.
LK is facilitating the loan for four industrial warehouses slated for conversion to multi-tenant commercial “ghost kitchen” facilities. The Properties comprise approximately 27,700 total rentable square.