News Release: 5/1/2018
Sip Coffee & Beer Kitchen expands to 3rd Arizona location
Caliber partners with local entrepreneurs to grow Arizona born craft coffee and beer brand
Scottsdale, Ariz. (April 4, 2018) – Caliber – The Wealth Development Company, a real estate investment and development firm, has acquired a partnership interest in Sip Coffee & Beer Kitchen, a unique restaurant, coffee café and bar that highlights two popular beverages: craft coffee and craft beer. Located at 7306 E. Shea Blvd. (northeast corner of Scottsdale and Shea), Sip Coffee & Beer Kitchen is the third and newest restaurant and café in the brand’s growing portfolio. The new Sip location will celebrate its Grand Opening event on Friday, April 13, 2018 at 6:00 – 8:00 pm with the public welcome to attend.
“Sip offers an experience that sets itself above the typical coffee shop and/or bar. Customers want to enjoy a great cup of coffee, families want great food and business people want a place to come and have a great craft beer after work,” said Travis Radevski, Founder of Sip. “We’re extremely proud of our rapid growth and recognize the value to further achieve our vision with a partner like Caliber. We already have two more locations planned with a target of 10 locations in the coming years.”
Chris Loeffler, CEO and Co-Founder of Caliber said, “Caliber invests in people first and foremost, and Travis has the background and work ethic to make this brand an Arizona success story. Caliber has hotels and retail investments in multiple markets that could benefit from a dynamic brand like Sip taking space in our projects. We are excited to see that the future holds for Sip.”
Sip was founded in 2014 with a single coffee shop in Old Town Scottsdale and drew inspiration from the growing craft movement. It marries the trend that people like to try both craft beers and craft coffee. The modern designed 3,200 sq. ft. Scottsdale & Shea location is Sip’s third location in metro Phoenix. The dine-in restaurant and coffee café serves up causal American fare for breakfast, lunch and dinner, coffee from a local roaster, outdoor, patio, drive thru for a quick pickup and large bar featuring dozens of locally crafted beers.
Investment in Sip Coffee & Brew Kitchen was placed through the Caliber Diversified Opportunity Fund II, LP (the “Fund”) and CaliberCos Inc. The Fund provides direct investment opportunities in “middle market” U.S. commercial real estate assets and associated business operations that can deliver attractive risk-adjusted returns through a combination of current income and capital appreciation. The Fund is not currently invested in Sip’s two other locations. Future expansion plans include opening new SIP locations throughout Arizona and neighboring states.
Accredited investors and registered investment advisors (RIAs) interested in direct private equity investment via the Caliber Diversified Opportunity Fund II, LP can call 480-295-7600 or email Invest@caliberco.com.
Co-Founded by Travis and Tida Radevski, the first Sip Coffee & Beer House opened up in Old Town Scottsdale in 2014. Sip Coffee & Beer Garage, located in Arcadia, opened up in 2015. The third, and newest, Sip Coffee & Beer Kitchen is the brand’s first full service restaurant and dine-in café serving American fare for breakfast, lunch and dinner. Sip has quickly earned accolades from local and national publications. For more information, visit https://b-m.facebook.com/SipCoffeeAndBeerKitchen.
About Caliber - The Wealth Development Company
Caliber leads the market in providing individual accredited investors and registered investment advisors with well-structured alternatives to traditional investments. The Company builds wealth by forming and managing real estate private equity investments, either through individual assets or multi-asset funds. The Company offers an approachable, full-service investment experience with more than 700 team members working to care for over $300 million (assets under management) in commercial, residential, multi-family, self-storage and hospitality real estate in AZ, CO, NV, UT and AK. Comprised of 5 business units including Investment, Construction & Development, Property Management, Brokerage and Hospitality, Caliber’s vertical integration of support services delivers a unique and efficient 360º approach to investing in real estate. The Company is headquartered in Scottsdale, AZ with business operations focused throughout the greater Southwest region. www.CaliberCo.com.
Note to Investors
This press release is provided solely for information purposes and does not constitute legal or investment advice. This is neither an offer to sell nor a solicitation of an offer to buy securities. While we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy or reliability of the data and summaries contained in this press release or the suitability of any separate offering for investors. There are risks associated with any investment. In making an investment decision, investors must rely on their own examination of the company they wish to invest in including the merits and risk involved. Any forward looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward looking statement to reflect events or circumstances after the date on which such statement is made. Please contact Caliber directly at 480-295-7600 for further information.
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