A group led by the owners of 5th Element Indian Restaurant in Baymeadows bought a closed Town Center property.
A company spokesperson said the landlord did not renew the lease at 5th Element Indian Restaurant’s current location at 9485 Baymeadows Road and that the restaurant will move in January.
5th Element occupies a 4,561-square-foot restaurant that built in 1991 on 1.3 acres. It previously was Applebee’s.
On July 24, SK Jaxs LLC bought a 5,010-square-foot restaurant at 10208 Buckhead Branch Drive for $2.4 million.
SK Jaxs LLC is led by Sridhar Sannala and Koteswara Rao Putikam. They created the LLC June 15.
They also are the owners of 5th Element Indian Restaurant LLC, whose address is 9485 Baymeadows Road.
Buckhead Equities LLC, led by restaurant owner Jacques Klempf, sold the property.
The structure was built in 2006 on the 1.05-acre site.
Klempf operated the Original Pancake House there for several years. He and a business partner opened Ovinte in late 2012 and served Spanish and Italian-influenced cuisine, wine and cocktails. They closed it in July 2017.
He then leased the site to Kamiya 86 for a sushi bar and restaurant.
Klempf owns the Cowford Chophouse Downtown.
The Baymeadows property is owned by Realty Income Corp. of San Diego. Panera Bread is interested in the site.