Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Texas  + Retail  | 

Luby’s Completes Sale of Nine Fuddruckers

Luby’s Inc. completed the sale and franchising of its previously owned Fuddruckers store located on Town and Country Way in Houston to HPCP Investments LLC, an affiliate of Christopher Pappas, a director and the former chief executive officer of Luby’s Inc. In addition, Luby’s completed the sale of eight company-owned Fuddruckers stores and the franchise of those stores to affiliates of Black Titan Holdings LLC, an affiliate of Nicholas M. Perkins. Specific terms of the transactions were not disclosed.

Black Titan is now one of the largest Fuddruckers franchisees in the United States. It seeks to retain almost all employees at those store locations and does not expect any disruption of business at these locations as a result of the transaction.

The locations covered by this transaction include Glendale, Mesa (Superstition Springs) and Phoenix; Houston (Copperfield and Tidwell), Kingwood and Stafford, TX; and Woodbridge, VA. The Fuddruckers locations included in these transactions are open for business under the new ownership.

Luby’s expects the closing of the previously announced transactions for the Tempe, Kansas City, KS, St. Louis (Sunset Plaza), Houston (MacGregor Way) and Tomball, TX (Creekside Park) Fuddruckers stores with Black Titan to occur shortly.

Connect

Inside The Story

Learn More About Luby's Inc.

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale