Steak n Shake Hires Keen-Summit Capital Partners LLC and NAI Global to Sell 15 Company-Owned Locations

NEW YORK--(BUSINESS WIRE)--Steak n Shake Inc. is bringing to market 15 restaurants the company closed during the last 12 months. Keen-Summit Capital Partners LLC, and their local partners at NAI Global, have been retained to run a sale process of the portfolio with a bid deadline of August 31 and auction date of September 4. It is anticipated additional properties will be sold by Keen-Summit Capital Partners through an auction during September.

“Real estate investors and restaurants looking to expand their portfolio are in a position to take advantage of this opportunity, whether they decide to take the entire lot of locations, or explore individual or regional purchases,” said Harold Bordwin, Principal and Managing Director at Keen-Summit Capital Partners LLC. “Many of these locations are virtually turn-key with much of the restaurant equipment available within the building.”

The locations the Keen-Summit team will be bringing to market include locations in Alabama, Florida, Illinois, Indiana, Iowa, Michigan, Missouri, Ohio, Pennsylvania and Texas, and range between 3,734 and 7,041 sq. ft.

The bid procedures and full offering details are available at www.steaknshakepropertyauction.com.

About Keen-Summit Capital Partners LLC:

Keen-Summit Capital Partners LLC is a real estate brokerage, workout and investment banking firm specializing in special situations, restructurings, bankruptcies and receiverships. Keen-Summit Capital Partners LLC represents property owners, retail and commercial tenants, commercial and industrial businesses, investors, developers, and creditors across various industries. Clients benefit from its reputation for excellence and integrity, extraordinary industry experience, in-depth market knowledge, time-tested business approach, deep industry relationships, workout and bankruptcy expertise, and exceptional execution capabilities. For more information about Keen-Summit Capital Partners, call 646-381-9222 or visit www.keen-summit.com

About NAI Global:

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world. NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com or www.naiglobalnewslink.com.