Steak ‘n Shake Signs 10-Year Lease On Third Street Promenade

Friday, 26 Apr 2013, 3:47:00 PM

Brenton Garen

Diner-style restaurant chain Steak ‘n Shake announced Friday it has

signed a 10-year lease in Santa Monica on the Third Street Promenade

near Broadway.

Steak ‘n Shake plans for a grand opening later this year, after completing certain tenant improvements to its space.

Steak ‘n Shake was founded in Norman, Illinois in 1934 by Gus Belt, who converted a combination gas station/chicken restaurant into a hamburger stand.

It is now headquartered in Indianapolis, Indiana.

The wholly-owned subsidiary of Biglari Holdings currently has more than 500 company and franchise-owned locations throughout the Midwest and Southern United States.

The brand intends to make its Santa Monica location a flagship store, as it executes a major expansion into the west coast.

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