YoLo Frozen Yogurt in Overton Square and the Kwik Shop Grill at Central Avenue and East Parkway are both on their way out.
Property owner Loeb Properties will soon undertake significant remodels at the locally-owned Midtown restaurants to attract other restaurant tenants.
Loeb Properties is leveraging a “significant remodel” of the YoLo space at 6 Cooper St. and the Lenny’s space at 12 Cooper St. to attract a new restaurant tenant. Lenny’s will not be leaving, but YoLo will have to relocate.
The two-tenant building that houses YoLo and Lenny’s at the corner of Cooper Street and Madison Avenue is the first building Loeb Properties purchased in the area. Loeb Properties has another lease with YoLo at a second location at 559 Erin Drive in East Memphis.
“We really appreciate them as tenants and we hope we can help them find another location,” said Ciara Neill, director of marketing for Loeb Properties. “Unfortunately, they can't relocate to Overton Square because it is 100 percent occupied.”