Steins Beer Garden in Mountain View has been sold to a national restaurant operator who is planning to turn the space into a Mexican restaurant, realtor Patrick Totah said Thursday.
Ted Kim, who founded Steins in 2013 at 895 Villa St., will sell the restaurant to Ricky Singh, who owns several franchises, including The Counter at the San Antonio Shopping Center and Pinkberry at the Stanford Shopping Center.
Singh will keep Steins operating for now and will “reimagine” the space within the next year as Barrio Queen, a chain with five locations in the Southwest, Totah said.
Kim announced in February that he was selling Steins because of a decrease in customers and a surge in expenses.
“Ultimately, several offers were submitted — many above the asking price — culminating in a bidding war that highlighted just how rare and desirable a restaurant asset of this caliber is in today’s market,” Totah said.