Dave & Busters, a popular restaurant-entertainment venue, is coming to the Promenade at Howard Hughes Center, a 248,000-square-foot retail-entertainment center in Los Angeles owned by Passco Companies, LLC, a real estate investment firm based in Irvine, Calif.
Dave & Busters has signed a 15-year lease for a 40,207-square-foot space at the center, which is located on Sepulveda Boulevard about three miles north of the Los Angeles International Airport and nearby Playa Vista, an 1,100-acre master-planned community; Marina del Rey; and Culver City.
Dave & Busters is a leading owner/operator of facilities that offer fun for both adults and families, with a combination restaurant, bar and entertainment arcade. Founded in 1982 as a one-stop “Eat, Drink, Play” venue, this Dallas-based entertainment enterprise now operates 60 facilities nationwide. The new Los Angeles Dave & Busters is expected to open in spring 2013.
“We are very pleased to welcome Dave & Busters as we are beginning the transformation of our center to be the premier entertainment complex in LA’s Westside market. This will add yet another dimension to our center’s dining and entertainment opportunities,” said Passco Leasing Director Howard Wong, noting that this retail center draws customers from the Los Angeles Westside, as well as communities throughout the Los Angeles region with its high profile location fronting the 405 freeway. We are not only capturing the local residents but the tremendous amount of tourist and employees located with close proximity between LAX and Santa Monica,” he added.
The Promenade at Howard Hughes features a collection of retail shops, eateries and entertainment venues, including Nordstorm Rack, as well as 13 restaurants and cafés and a Rave Motion Picture 18-screen and Imax theatre complex.
Dave & Busters was represented by Scott Riddles and Derek Fitch of CBRE.