Athan “Tom” Prakas
Commercial Consultant
Athan “Tom” Prakas is a Delray Beach resident and owner of Prakas & Co, Inc., a commercial real estate brokerage company specializing in restaurant, hospitality and commercial properties, headquartered in Boca Raton.
Through his years of experience and remarkable vision for the industry, Prakas and his company continually make restaurant and real estate headlines, not only in South Florida but nationally.
Originally from Portsmouth, Ohio, Prakas grew up in Columbus and has 30 years’ experience in the restaurant, nightclub, and sports bar industry. He owned 27 popular establishments throughout Ohio, Georgia, and South Florida.
“I knew I wanted to be in the industry after I vacationed in Fort Lauderdale for spring break during college, and I even modeled one of my first nightclubs in Columbus, Ohio, after a nightclub in Fort Lauderdale,” said Prakas.
Prakas was recently selected by world-famous Chef Alan Susser to roll out Susser’s new full-service gourmet burger concept in Florida, with the first site planned for Jupiter and sites a Vero Beach site shortly after. He was additionally chosen as the exclusive restaurant broker to spearhead David Manero’s new restaurant, BurgerFi (short for “The Burgerfication of America), a technologically savvy burger chain that will bring burgers to Commercial Boulevard and A1A in Lauderdale-by-the-Sea, an intersection ripe for good, quick food, and is rolling out location through Florida and the U.S. through franchising efforts.
Prakas is also at the helm of licensing and locations for the famed Philippe Chow Restaurant, voted “Best Chinese” in 2010 Zagat, located in South Beach’s Gansevoort Hotel. He will expand the brand of the rock n’ roll-inspired Cadillac Ranch in Florida, for which he is scouting additional sites. Prakas is also behind the growth of the Maisonette, the longest-running Mobil Five-Star restaurant in U.S. history. This French restaurant legend, now with a casual bistro twist, will additionally be expanding into boutique hotels.
He was the originator of alternative music clubs in Palm Beach County with the establishment of The Dark Side in Delray Beach and Moscow in West Palm Beach and Delray Beach. He also owned and operated The Spot, a sports-rock cafe in West Palm Beach, and brought the popularity of cigar smoking to Boca Raton by establishing The Cigar Bar.
After many successful years and colorful experiences in the biz, Prakas decided to use his hands-on knowledge to open Prakas & Co in 2000. Prakas and his team have sold more than 400 restaurants and commercial properties in the last 11 years.
Prakas has established relationships with high profile names in the hospitality industry and exclusively represents Buckhead Life Restaurant Group for Florida locations including placing Chops Lobster Bar and City Fish Market for the famed Buckhead Life Restaurant Group in Boca Raton. The Prakas Group also exclusively represents the successful Taverna Opa Greek restaurant concept in multiple Florida locations and Las Vegas, Nevada, and The David Manero Restaurant Group properties throughout South Florida. Prakas was also chosen as the exclusive broker to bring actor Danny DeVito his first restaurant deal, DeVito’s in South Beach, which opened June 2007 to major fanfare. Prakas also sold La Vieille Maison, Boca Raton’s most famous French restaurant for more than 30 years.
In other national accomplishments and as a true testament to Tom’s commanding pull in the industry, he was hand-picked by The Falcone Group, a privately held multi-billion dollar entity that specializes in a wide spectrum of real estate services primarily focusing on real estate development and investment funding, to be exclusive broker for the restaurant on the 37th floor of the prestigious 57-story tower, Two Liberty Place in Philadelphia, Pennsylvania.
South Florida’s hottest restaurant corridors, including Atlantic Avenue in Delray Beach, Clematis Street in West Palm Beach and Las Olas Boulevard in Fort Lauderdale, have all been enhanced by the Prakas touch. Prakas hopes to keep working closely with these cities and other developers to increase revenue and watch the areas flourish and grow.
“The key to a successful establishment is knowing your demographics because the failure rate is high and even if the concept is great, the location may be wrong,” said Prakas.
In 2006, the company expanded beyond its Boca Raton headquarters into Orlando. It was a natural progression for the firm to establish an office to tap into the incredible growth in the Central Florida market and bring a wealth of business brokerage and restaurant/hospitality brokerage experience to the Orlando area. Prakas & Co has hit the news with multiple restaurant brokerage deals as well as the exclusive listing for the restaurant at Lake Buena Vista Resort Village and Spa, the placing of Taverna Opa at Pointe of Orlando, and bringing 5-star gastropub The Ravenous Pig to Winter Park.
Prakas plans to continue expanding the company to bring expertise in hospitality brokerage to new markets. Targeted cities for new Prakas & Co offices include Atlanta, Georgia, and New York City.
Prakas and his company are visionaries, and contribute to shaping the nightlife and generating revenue in cities across South Florida, Central Florida and around the country. Prakas & Co will continue helping clients find the right space for their particular needs.
Athan “Tom” Prakas
Commercial Consultant
Athan “Tom” Prakas is a Delray Beach resident and owner of Prakas & Co, Inc., a commercial real estate brokerage company specializing in restaurant, hospitality and commercial properties, headquartered in Boca Raton.
Through his years of experience and remarkable vision for the industry, Prakas and his company continually make restaurant and real estate headlines, not only in South Florida but nationally.
Originally from Portsmouth, Ohio, Prakas grew up in Columbus and has 30 years’ experience in the restaurant, nightclub, and sports bar industry. He owned 27 popular establishments throughout Ohio, Georgia, and South Florida.
“I knew I wanted to be in the industry after I vacationed in Fort Lauderdale for spring break during college, and I even modeled one of my first nightclubs in Columbus, Ohio, after a nightclub in Fort Lauderdale,” said Prakas.
Prakas was recently selected by world-famous Chef Alan Susser to roll out Susser’s new full-service gourmet burger concept in Florida, with the first site planned for Jupiter and sites a Vero Beach site shortly after. He was additionally chosen as the exclusive restaurant broker to spearhead David Manero’s new restaurant, BurgerFi (short for “The Burgerfication of America), a technologically savvy burger chain that will bring burgers to Commercial Boulevard and A1A in Lauderdale-by-the-Sea, an intersection ripe for good, quick food, and is rolling out location through Florida and the U.S. through franchising efforts.
Prakas is also at the helm of licensing and locations for the famed Philippe Chow Restaurant, voted “Best Chinese” in 2010 Zagat, located in South Beach’s Gansevoort Hotel. He will expand the brand of the rock n’ roll-inspired Cadillac Ranch in Florida, for which he is scouting additional sites. Prakas is also behind the growth of the Maisonette, the longest-running Mobil Five-Star restaurant in U.S. history. This French restaurant legend, now with a casual bistro twist, will additionally be expanding into boutique hotels.
He was the originator of alternative music clubs in Palm Beach County with the establishment of The Dark Side in Delray Beach and Moscow in West Palm Beach and Delray Beach. He also owned and operated The Spot, a sports-rock cafe in West Palm Beach, and brought the popularity of cigar smoking to Boca Raton by establishing The Cigar Bar.
After many successful years and colorful experiences in the biz, Prakas decided to use his hands-on knowledge to open Prakas & Co in 2000. Prakas and his team have sold more than 400 restaurants and commercial properties in the last 11 years.
Prakas has established relationships with high profile names in the hospitality industry and exclusively represents Buckhead Life Restaurant Group for Florida locations including placing Chops Lobster Bar and City Fish Market for the famed Buckhead Life Restaurant Group in Boca Raton. The Prakas Group also exclusively represents the successful Taverna Opa Greek restaurant concept in multiple Florida locations and Las Vegas, Nevada, and The David Manero Restaurant Group properties throughout South Florida. Prakas was also chosen as the exclusive broker to bring actor Danny DeVito his first restaurant deal, DeVito’s in South Beach, which opened June 2007 to major fanfare. Prakas also sold La Vieille Maison, Boca Raton’s most famous French restaurant for more than 30 years.
In other national accomplishments and as a true testament to Tom’s commanding pull in the industry, he was hand-picked by The Falcone Group, a privately held multi-billion dollar entity that specializes in a wide spectrum of real estate services primarily focusing on real estate development and investment funding, to be exclusive broker for the restaurant on the 37th floor of the prestigious 57-story tower, Two Liberty Place in Philadelphia, Pennsylvania.
South Florida’s hottest restaurant corridors, including Atlantic Avenue in Delray Beach, Clematis Street in West Palm Beach and Las Olas Boulevard in Fort Lauderdale, have all been enhanced by the Prakas touch. Prakas hopes to keep working closely with these cities and other developers to increase revenue and watch the areas flourish and grow.
“The key to a successful establishment is knowing your demographics because the failure rate is high and even if the concept is great, the location may be wrong,” said Prakas.
In 2006, the company expanded beyond its Boca Raton headquarters into Orlando. It was a natural progression for the firm to establish an office to tap into the incredible growth in the Central Florida market and bring a wealth of business brokerage and restaurant/hospitality brokerage experience to the Orlando area. Prakas & Co has hit the news with multiple restaurant brokerage deals as well as the exclusive listing for the restaurant at Lake Buena Vista Resort Village and Spa, the placing of Taverna Opa at Pointe of Orlando, and bringing 5-star gastropub The Ravenous Pig to Winter Park.
Prakas plans to continue expanding the company to bring expertise in hospitality brokerage to new markets. Targeted cities for new Prakas & Co offices include Atlanta, Georgia, and New York City.
Prakas and his company are visionaries, and contribute to shaping the nightlife and generating revenue in cities across South Florida, Central Florida and around the country. Prakas & Co will continue helping clients find the right space for their particular needs.
Athan “Tom” Prakas
PROPERTY LISTINGS
🌟 Exciting News from Jupiter, FL! 🌟 📍 Just Sold: 251 US-1, Jupiter, FL 🔹 Size: 3,700 SF, fully air-conditioned 🔹 Brand New Renovations: Completed in 2023 – Everything’s new! 🔹 Features: Full bar 🍹 Indoor & outdoor dining 🍽️🌳 Prime location on Federal Hwy for incredible visibility 🚗 🎉 A perfect space, now ready […]
Address: 10 S Ocean Blvd, Delray Beach, FL 33483 Prakas & Co. is thrilled to announce the successful leasing of a prime beachfront property on Ocean Drive to Pura Vida, one of South Florida’s most vibrant café bistro concepts. 🌴☕ We were honored to represent the landlord, who reached out to us when the former […]
Prakas & Co is proud to announce the sale of Two Georges at The Cove – Deerfield Beach Exclusively brokering both buyer and seller sides of this agreement. One of the most premier Intracoastal restaurants with boat dockage, bringing the busiest happy hour crowd since 1977. LM Restaurants plans to keep the same formula that […]
We are thrilled to have represented LM Restaurants on this commercial waterfront development transaction. CONGRATS TO ALL INVOLVED! _____ If you’ve been keeping a keen eye on Deerfield Beach’s real estate scene, here’s a development that’ll surely catch your attention. The Moshakos family, under the banner of LM Restaurants, is gearing up to transform the […]
SOLD !!! – 12603 W Sunrise Blvd, Sunrise, FL – Free Standing Restaurant Outparcel to Sawgrass Mills Mall $ 4,950,000.00
Prakas & Co is proud to announce this listing is SOLD!!! Outparcel to Sawgrass Mills Mall 12603 W Sunrise Blvd, Fort Lauderdale, FL 33323 This 6,300 SF restaurant + patio is located at the main entrance to Sawgrass Mills Mall on Purple Parrot Place. It sits on 2.39 ACRES of prime real estate. This is […]
🌿 LEASED! 🌿 We’re thrilled to announce the successful lease negotiation deal for AYR WELLNESS in Fort Lauderdale! 📍 Address: 1190 E COMMERCIAL BLVD 📐Size: 3,200 SF under air 🏢 This former BURGER KING turned cutting-edge retail Marijuana dispensary is coming soon from AYR WELLNESS! 🌱 AYR WELLNESS, a trusted name in the industry with […]
Prakas & Co. Completes Entire Leasing Assignment on Restaurant Development in Boca Raton $ 60.00/sq ft
🚨🚨RESTAURANT ROW IS NOW FULLY LEASED🚨🚨 Exclusively represented by Prakas & Co since 2017 This 4th and final restaurant will be announced soon! 👀 Proud to have closed this development out with Trinity Commercial Group who represented this world-class Mediterranean restaurant concept! Joining CO-tenants: @fiolinaboca — @elcaminofla — @pubbelly Restaurant Row is an exciting and distinct dining destination that […]
Another major restaurant sold by Prakas & Company. We are thrilled to have represented both the seller and buyer in this transaction! 900 E Atlantic Ave, Delray Beach This 8,600 SF restaurant & bar was formerly the Meso Beach House location. An ideal intracoastal dining destination in Delray Beach, FL. Happy to have helped @delfuegotexmex out of […]
Prakas & Co Sells Ellie’s 50’s Diner Property and Business! $ 5,000,000.00
JUST SOLD | We are proud to exclusively broker this iconic restaurant location. @ellies50s.diner We want to wish Bob & Ellie the best on their retirement and a huge thank you for creating this landmark restaurant in the city we call home. Cheers! 🍾🥂
Prakas & Co is thrilled to announce the recent sale of a stunning modern Asian restaurant located in Delray Beach, FL. This turnkey operation presented an excellent opportunity for the right buyer to take advantage of a highly visible end cap location in a busy shopping plaza. YELLOWTAIL DELRAY BEACH – 7959 W Atlantic Ave, […]
American Icon Taproom – SOLD!!! $ 450,000.00
Prakas & Co is pleased to announce our newest business sale AMERICAN ICON TAPROOM. 911 NE 4th Ave, Fort Lauderdale, FL 33304 COMING SOON — NEW CONCEPT TO BE ANNOUNCED SOON FORMER AMERICAN ICON GASTRO PUB – TAPROOM ASSET SALE RESTAURANT 2,600 +\- SF + LARGE WRAP AROUND PATIO 150 SEATS BEAUTIFUL TURN-KEY RESTAURANT AND […]
Prakas & Co. Snags Prime Fort Lauderdale Venue for Tin Roof 🎶 This afternoon Prakas & Co. officially signed off on another exciting restaurant deal in one of Fort Lauderdale’s top dining and entertainment districts. 📍Located on Andrews Blvd near the entrance of Las Olas Blvd, Tin Roof will make its official debut to the […]
Prakas & Co is proud to annouce this listing is closed and sold on 11/1/2021. Formerly known as EastSide Pizzeria on Palmetto Park Road. Now will be open as Peters Pizzeria. 897 E Palmetto Park Rd, Boca Raton, FL 33432 Size: 990 SF Perfect location (East Boca) Delivery – takeout pizza by the slice or […]
Prakas & Co is excited to announce that Carmela Coffee Company will be opening on Federal Highway… 2 street lights south of Atlantic Ave! The former Dunkin Donuts on northbound Federal Hwy. 247 SE 6th Ave, Delray Beach, FL Carmela Coffee Company is well known for fresh Costa Rican coffee, specialty drinks, avocado toast & […]
BEEF N REEF Steakhouse- Fort Lauderdale By The Sea, FL Prakas & Co is excited to announce this seamless business transaction! Congratulations to both our buyer and seller. This turnkey restaurant & bar is perfectly located on (A1A) within walking distance to the ocean. What more could you ask for? Best of luck to the […]
DEAL CLOSED. The former Banyan Restaurant on Pineapple🍍Grove. 1,300 SF of restaurant space at 189 Northeast Second Avenue, Delray Beach, FL with a 1,000 SF patio. Steps away from the new boutique @therayhotel . The buyer of the former Banyan is Host Restaurant group who recently just opened AVALON STEAK & SEAFOOD on Atlantic Ave. Congratulations to […]
Prakas & Co is proud to announce Washington, D.C. based Throw Social has leased the former IL BACIO Nightclub / Prime Steakhouse 29 SE 2nd Ave, Delray Beach, FL 12,000 SF – Delray Beaches largest outdoor patio space. THROW SOCIAL – “a social experience that combines backyard-style games with food & libations. Drink Booze & […]
Prakas & Co is proud to announce that the former MELLOW MUSHROOM – DELRAY BEACH JUST LEASED!! 25 SE 6th Ave, Delray Beach, FL 👏🏼🥂🍾🍕🍷 Bar25 COMING SOON👀 Proud to have represented both sides of this seamless transaction. Signed deal in a matter of 5 days! Happy to bring yet another hot spot to DELRAY […]