Restaurant

New York City -- TF Cornerstone announced that it has inked a 10-year lease for approximately 3,500 sq. ft. with Brother Jimmy’s BBQ.

The company will be headquartered at 521 West Street at 95 Horatio Street, using the space to house the company’s corporate offices, commissary and catering facility.

Oakbrook, Ill. -- McDonald’s Corp. said net income for the fourth quarter, ended Dec. 31, 2010, rose 2.1% to $1.24 billion from $1.22 billion a year earlier.

Revenue increased 4% to $6.21 billion in the fourth quarter from $5.97 billion a year earlier. Global same-store sales rose 5% in the quarter, reflecting increases of 4.4% in the United States, 3.4% in Europe and 5.5% in the Asia/Pacific, Middle East and Africa division.

Salt Lake City -- On the heels of a new self-serve prototype, TCBY, announced an agreement with Lone Star Yogurt to open 200 stores over the next 10 years with area developer.

Lone Star Yogurt plans to open its first TCBY self-serve store in January in Lone Star’s hometown of Tyler, Texas. It has committed to open another 24 TCBY self-serve stores in East Texas, Dallas, Ft. Worth and Houston in the next 18 months.

Dublin, Ohio -- Wendy's/Arby's Group said Thursday it plans to sell off its struggling Arby's quick-serve chain to focus on the Wendy's hamburger business.

The two fast-food chains were combined when Triarc Cos., Arby's parent, bought Wendy's for $2.2 billion in 2008 to create the third-largest publicly held fast-food chain.

Arby's generated about 30% of the company's sales in its third quarter.

At least one analyst feels the sale could bring in $400 million to $600 million.

Durham, N.C. -- Denny’s Corp. has chosen LED lights from Cree as the preferred lighting standard for all its new and remodeled stores across the United States. Cree’s six-inch downlights are being specified in various applications, including dining areas and restrooms.

Seattle -- Starbucks announced the launch of mobile payment in all U.S. company-operated stores, allowing customers to pay for in-store purchases with select smart phones. The company said test markets in Seattle, Northern California, New York and more than 1,000 Starbucks in domestic Target stores have successfully used the program.

Somerdale, N.J. -- Purchase, N.Y.-based National Realty & Development Corp. said that GameStop, Great Clips and Go Wireless have opened at the newly renovated CooperTowne Center.

Reopened in October 2010, CooperTowne Center is a 385,000-sq.-ft. Greyfields Redevelopment that revitalized the former Lions Head Plaza in Somerdale, N.J. The shopping center is anchored by Walmart Supercenter, a Cinemark 16-screen theater, and a LA Fitness.

Savannah, Ga. -- Centro Properties Group said that Menchie’s Frozen Yogurt has opened a 1,215-sq.-ft. store at Eisenhower Square.

The shopping center, located in Savannah, Ga., is owned by New York City-based Centro Properties Group.