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Freddy's Frozen Custard & Steakburgers has signed a multi-unit development agreement with Chicago-based JAM Equities

JAM Equities Signs Development Deal with Freddy’s Frozen Custard

Fast-casual restaurant concept Freddy’s Frozen Custard & Steakburgers has signed a multi-unit development agreement with Chicago-based JAM Equities. The agreement calls for six new Freddy’s restaurants in the Chicago region, adding to the 13 that went into the chain’s pipeline in the first quarter. 

“The development success we’ve been able to achieve in Chicagoland is a testament to the incredible franchise groups who are bringing Freddy’s to the market,” said Andrew Thengvall, chief development officer at Freddy’s. “We strongly believe that our newly formed partnership with JAM Equities will propel our growth even further.” 

With over 25 years of experience owning and operating QSR concepts, JAM president/CEO Asif Poonja and his team have nine Popeyes restaurants in their portfolio with eight in Iowa and one in Chicago. The group is set to further expand their footprint with the brand by developing four new units this year. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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