Thursday, March 14, 2019

Fifth Third Bank Cashes in on Former Chamblee Chicken Spot

A new Fifth Third Bank will be opening in place of the onetime El Pollo Loco restaurant at 3931 Buford Highway in Chamblee.  El Pollo Loco Chamblee, one of the California chain's most successful locations in metro Atlanta, closed in late 2011 amidst a complete withdrawal from the state.
Following the restaurant's closure, MedPost Urgent Care operated from the space, and later it also served as offices for the center's current landlord. 

Most other former Atlanta area El Pollo Loco locations went on to become other restaurants including Hardee's on Holcomb Bridge Road in Roswell, Del Taco on Cobb Parkway in Smyrna, IHOP on Dallas Highway in Marietta, Bojangles' on Thornton Road in Lithia Springs and A-Town Wings Fairington Road in Lithonia, among others. 

Fifth Third will reportedly convert the 3,346 square foot building, with an existing drive-thru, for use as a bank.   No doubt the building is new(ish) but we have in recent months seen Regions completely tear down a year old Pollo Tropical in East Cobb to build a new branch, but Chase converted another former Pollo Tropical in Alpharetta for use as a bank branch. 

The sales listing from Steve Josovitz of The Shumacher Group, Inc., who represented the landlord in the transaction, indicates the building sits on about .4 acres and provides vital cross-easement parking with Crossroads Village, the Aldi anchored shopping center beside it.  

Cincinnati, Ohio-based Fifth Third (a name equally as annoying as ServisFirst Bank) has in recent years grown its local presence with new branches, satellite branches in groceries and ATMs across metro Atlanta.  The bank entered the Georgia market in 2008 when it acquired nine branches from Memphis-based First Horizon National Corporation.

Among the bank's branches in metro Atlanta are those in the lobby of the Sovereign high-rise on Peachtree Road in Buckhead, at Lindbergh Plaza on Piedmont Road in Buckhead, Roswell Street in Smyrna, and at the Georgia-Pacific Tower on Peachtree Street downtown.

Where do you primarily do your banking?  Are you surprised to see additional bank branches continue to open?  What restaurant chain would you like to see enter the Atlanta market?  

Please share your thoughts below    

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