Dave & Buster’s Entertainment Inc. recently completed the sale of one of its Greater Philadelphia locations in preparation for the opening of a new spot in the region this week. The property, situated at Gloucester Premium Outlets in Gloucester Township, New Jersey, was sold for nearly $28.8 million to NNN REIT, as per property records. Despite the sale, a spokesperson confirmed that the location’s operations remain unaffected by the transaction.

This sale is part of a larger $85.8 million sale-leaseback agreement involving four of Dave & Buster’s properties, finalized during the company’s third quarter that concluded on Oct. 29. Through this arrangement, Dave & Buster’s has opted to sell these properties to bolster its capital while retaining the ability to lease the spaces and sustain its operations.

*Article courtesy of Philadelphia Business Journal

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