A long-term Dave & Buster’s lease helped drive an 82% price jump for the Manchester property in less than two weeks.
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A 26,802-square-foot building occupied by restaurant and entertainment chain Dave & Buster’s at the Shoppes at Buckland Hills in Manchester recently sold twice within a two-week period, first for $7.56 million and then for $13.76 million.
The 82% jump in price came after Dave & Buster’s signed a 20-year lease for the property at 100 Buckland Hills Drive, with options to extend for another 20 years.
The 2014-vintage building on 7.34 acres was acquired by Namdar Realty Group and Mason Asset Management in early 2025 as part of a $25.8 million bankruptcy sale of the central mall building and several outparcels at the Shoppes at Buckland Hills.
Great Neck, New York-based Namdar, which acquired a 94.75% stake in the Manchester properties, is a privately owned real estate investment and management company that has grown to become one of the country’s largest shopping mall owners, known particularly for acquiring and operating distressed retail properties.
In a deed recorded by the town July 30, Namdar and its partners sold the Dave & Buster’s property to Texas-based Dave & Buster’s Inc. for $7.56 million.
Dave & Buster’s then sold the property for $13.76 million to a New Jersey investor on Aug. 10, while concurrently signing a long-term leaseback allowing it to continue operating at the site.
The new owner is Princeton, New Jersey-based Essential Properties Realty Trust. The publicly traded company specializes in owning single-tenant properties leased to restaurants, retailers and other service-oriented businesses, according to its website.
Essential Properties said it owns 2,493 properties in 48 states that are 99.6% leased to 504 tenants.
The Dave & Buster’s deal is the latest in a series of outparcel sales by Namdar and its partners since their acquisition of the struggling Manchester mall.
In December, Namdar sold a 93-room, 49,992-square-foot hotel on 2.55 acres at 121 Pavilions Drive to JNR Management Inc., of Waltham, Massachusetts, for $2.2 million. The property hosts a Fairfield by Marriott Inn & Suites.
JNR’s hotel portfolio extends through Connecticut, Massachusetts, New Hampshire and Maine.
In late May, the town recorded Namdar’s $2.75 million sale of a 6,385-square-foot restaurant on 2.19 acres at 350 Buckland Hills Drive to Orion Real Estate Group. The Miami-based real estate investor and services firm added the property, which hosts a LongHorn Steakhouse, to its roughly $3 billion portfolio.
In June, Namdar sold a 6,686-square-foot, 2004-vintage restaurant building hosting a Red Robin at 360 Buckland Hills Drive for $2.04 million to an LLC affiliated with Lakewood, New Jersey-based commercial real estate and development firm DeVimy Equities.
Combined, those four sales have generated about $14.55 million for Namdar and its partners, more than half of the $25.8 million they paid for the mall and associated properties in early 2025.
Namdar and its partners continue to control the central mall structure, several vacant parcels and a 6,789-square-foot, 2000 vintage restaurant building at 110 Buckland Hills Drive.
That property, which hosts Market Grille, has also recently been marketed for sale.
