Menin Development buys Johnnie Brown’s building in Delray Beach

Pittsburgh restaurateur sold the building

Feb.February 06, 2020 09:45 AM
Craig Menin and 301 East Atlantic Avenue in Delray Beach (Credit: Google Maps)

Craig Menin and 301 East Atlantic Avenue in Delray Beach (Credit: Google Maps)

UPDATED, Feb. 6, 10:38 a.m.: A company tied to Craig Menin’s Menin Development bought another property along Atlantic Avenue in Delray Beach.

301 East Atlantic LLC, led by Nicholas G. Nicholas, sold the 2,955-square-foot building at 301 East Atlantic Avenue to Rosebud JB LLC, according to property records. The building, home to the popular Johnnie Brown’s restaurant, sold for $7.3 million. It was built in 1939.

The building last sold for $1 million in 2009.

In addition to owning and running Johnnie Brown’s, the Nicholas family of Pittsburgh owns Nicholas Coffee & Tea Co. in Pittsburgh, and has other real estate holdings. They sold their majority stake in Primanti Bros., a sandwich shop chain, in 2012, according to the Pittsburgh Post-Gazette.

Menin said he doesn’t have plans for the building, and he’s a longtime customer of Johnnie Brown’s, “which we believe is a Delray institution.” The restaurant will remain, he said.

Menin Development is based in Delray Beach and has properties throughout South Florida, Phoenix and New Orleans. In late 2018, the company paid $5.5 million for the building at 307 East Atlantic Avenue, a former Luigi’s Coal Oven Pizza.

Last year, Menin closed on a nearly $30 million construction loan for Delray City Market, a 120,000-square-foot mixed-use project with a 30,000-square-foot food hall, just south of Atlantic Avenue at 33 Southeast Third Avenue.

Investors are increasingly choosing to build in Delray Beach.

In October, National Realty Investment Advisors and U.S. Construction closed on a $73 million loan from CIM Group to begin construction on Ocean Delray, a 19-unit boutique condo development that marks the first oceanfront condo project in Delray Beach in 30 years.

Related Articles

Delray Trails and Mike Nunziata

13th Floor closes on 120-acre golf course for active adult community

William Dabbs

Contractor guilty of manslaughter in fatal shooting of his boss

9200 Rockybrook Way and Senada Adzem (Credit: Douglas Elliman)

Lakefront estate west of Delray Beach sells for $17M

Daily Digest Miami

LeBron James’ Unknwn store is opening Dec. 5, Palm Beach Gardens showroom trades for $10M

Walgreens at 3200 South Federal Highway

Walgreens sells Delray Beach store on Federal Highway

Midtown Delray, Todd Rosenberg

Pebb Capital pays $40M for once-named Midtown Delray site

Rendering of Ocean Delray

Ocean Delray nabs $73M construction loan

Photo illustration of Grant Cardone (Credit: iStock)

A look at Grant Cardone’s real estate portfolio and how he raised $15M in 90 minutes at Marlins Park