Three Tampa Bay Red Lobster restaurants have changed hands as part of a $1.5 billion sale-leaseback agreement. Orlando-based Darden Restaurants Inc. sold the Red Lobster concept to Golden Gate Capital in a $2.1 billion deal. As part of that deal, the Red Lobster real estate was sold to New York-based real estate investment trust American Realty Capital Properties Inc. for $1.5 billion, reports the Orlando Business Journal, a sister publication. ARC is leasing the restaurants to Golden Gate. These…
Reported by bizjournals 9 hours ago.
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