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Beachfront restaurant sells for $7M

Brian Bandell

The JB’s on the Beach restaurant along the coast in Deerfield Beach was sold to Ark Restaurants Corp., said Jeff Sussman, president of Sussman Restaurant Brokerage. Michael S. Weinstein, CEO of New York-based Art Restaurants (Nasdaq: ARKR), said they paid about $7 million for the business. “This was a well managed business that was up for sale in an interesting location and we felt it was something that would add value to our shareholders,” Weinstein said.