The corporate parent of McCormick & Schmick’s Seafood has closed or shed nearly one-third of the restaurants nationwide since purchasing the chain in 2012.
Houston-based Landry’s Inc. — a privately owned restaurant, hospitality, gaming and entertainment company that operates restaurant chains Morton’s the Steakhouse, Bubba Gump Shrimp Co., Landry’s Seafood, Rainforest Cafe and Mitchell’s Fish Market Restaurants, among others — purchased McCormick & Schmick’s Seafood Restaurants Inc. in late 2011. At that time, the former Portland,Ore.-based upscale seafood chain had more than 80 restaurants.
At the time of the sale, Tilman J. Fertitta, owner of the privately held Landry Inc., said in a Landry news release, “We have been a fan of the McCormick & Schmick’s brand for years. As a public company, MSSR (McCormick & Schmick’s Seafood Restaurants) fell victim to the need to grow and located some restaurants in secondary markets that were adversely impacted to a greater degree by the economic downturn. However, Landry’s size, strength and financial resources will positively accelerate the future for MSSR.”
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As of Monday, the McCormick & Schmick’s/Landry web site listed 55 restaurants in the U.S., down at least from 2011 — and the web site still includes the restaurant at The Greene Town Center in Beavercreek, which shut down abruptly on Sunday, Sept. 24.
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The restaurant was one of The Greene’s flagship eateries, and it occupied a prime location overlooking the center’s “town square.” It had operated for more than a decade, opened within months of The Greene itself opening in 2006.
“Our lease term came to an end, and due to rising real estate costs, we elected not to renew our lease,” Howard Cole, chief operating officer of Landry’s, Inc., told this news outlet via email on Sunday.