Education services provider Kaplan International North America and upscale Brazilian-style steakhouse Fogo de Chao will be occupying the former Borders Books & Music building in the Gaslamp Quarter by the end of summer.
According to a statement from brokerage firm Cushman & Wakefield, which handles leasing for the property at 668 Sixth Ave., Kaplan International has signed a 10-year lease, valued at approximately $5.7 million, to occupy the building’s second floor.
Kaplan International, a division of London-based Kaplan Inc., works with universities to provide courses for international students, preparing them to study at American universities.
Fogo de Chao Restaurants, based in Dallas, has leased 11,372 square feet on the first floor, to operate what will be the 20th location of its Brazilian Churrascaria-style restaurant.
The 33,000-square-foot building, at the southwest corner of Sixth Avenue and G Street, was built in 2002 and housed the Borders store until the Michigan-based chain closed in 2011. The building was purchased in June 2012 by IPG Monro Capital Fund I LP.
— SDBJ Staff Report