Mobile, Ala. — Topgolf has opened a new venue in Mobile, Alabama, marking the third in the state for the brand. Situated within McGowan Park Shopping Center, the venue features 60 outdoor, climate-controlled hitting bays across two levels, as well as a full-service restaurant, 22-foot video wall and more than 100 TVs. According to the company, Topgolf Mobile will employ roughly 200 associates and is the 95th outdoor Topgolf venue in the country.
Oceanport, N. J. — Baseline Social, a bar, restaurant and entertainment concept, has opened a 17,100-square-foot venue in Oceanport. Situated within The Commissary at Baseline, the space features a 640-foot LED viewing wall, 38-seat platform lounge and 3,700-square-foot entertainment section with five virtual golf bays. Other tenants at the property include Birdsmouth Beer and MGT Foods. Denholtz Properties is the developer and landlord at The Commissary.
Queens, N.Y. — Steve Cohen, owner of the New York Mets baseball team, will develop an $8 billion entertainment and sports park in Queens. Dubbed Metropolitan Park, the development will occupy the 50 acres of asphalt around Citi Field, which are currently vacant. Plans for the project include a food hall, an entertainment complex including a Hard Rock hotel, live music venue and gaming, 20 acres of park space, 5 acres of community athletic fields and playgrounds, new connections to the waterfront, a renovated mass transit station and improved roads, bike …
Alpharetta, Ga. — X-Golf has opened a 6,800-square-foot golf simulator and sports bar venue at RocaPoint Partners’ $500 million Halcyon development in Alpharetta. Halcyon comprises 135 acres of mixed-use space roughly 30 miles northeast of Atlanta. X-Golf occupies space on the ground-floor of Halcyon Grand, an apartment community located within the development. X-Golf’s venue features seven bays for group golf simulation, as well as a full bar serving beer, cocktails and appetizers. JLL represented RocaPoint in lease negotiations.
Sandusky, Ohio and Arlington, Texas —Sandusky-based Cedar Fair Entertainment Co. (NYSE: FUN) and Arlington-based Six Flags Entertainment Corp. (NYSE: SIX) have entered into a definitive merger agreement to combine in a merger of equals transaction. The all-stock deal values the combined company at approximately $8 billion, including debt. Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, Cedar Fair investors will receive one share of common stock for each unit they own, and Six Flags shareholders will receive .58 shares for …
Houston — Activate, an interactive indoor gaming experience, has opened a 9,600-square-foot venue in Houston. Situated within the Katy Fry Center, the space features 11 activity rooms with more than 500 different games and difficulty levels. The brand, which is designed for adult participants, currently has seven additional centers in Atlanta; Chicago; Dallas; Gatlinburg, Tennessee; American Dream, New Jersey; and Louisville and Lexington, Kentucky. Additional venues are scheduled to open this year, including in Birmingham, Alabama.
Montclair, Calif. — Main Event Entertainment has signed a 51,802-square-foot lease at Montclair Place, a 1.2 million-square-foot retail center located in Montclair. Main Event will operate a venue featuring 20 bowling lanes, laser tag, escape rooms, banquet rooms, private bowling lanes and food and beverages, with the opening scheduled for 2025. CIM Group is the landlord. Main Event will occupy the ground floor of a 134,000-square-foot, two-story building. Dave & Buster’s Entertainment acquired the brand, which currently operates in more than 50 locations, in 2022.
New York City — Electric Shuffle, an entertainment concept featuring high-tech shuffleboard, as well as food and beverages, will open a 10,000-square-foot venue on the second floor of Broadway and West 30th Street in Manhattan’s NoMad neighborhood. John Few of SRS Real Estate Partners represented Electric Shuffle in the lease negotiations. Richard Tang represented the landlord, The Lam Group, on an internal basis, with Adam Weinblatt of Newmark. The opening is scheduled for next spring.
New York City — VICI Properties Inc. has acquired 38 bowling entertainment centers from Bowlero Corp. in a sale-leaseback transaction for a total $432.9 million. Bowlero will now occupy the properties, which are located in 17 states, on a triple-net-lease basis. Initial annual rent for the lease will total $31.6 million. The deal also included an eight-year right of first offer term for VICI to purchase Bowlero real estate. J.P. Morgan acted as financial advisor to VICI in the transaction, and Hogan Lovells US LLP and Kramer Levin Naftalis & Frankel …
Vernon Hills, Ill. — Pickleball entertainment concept Picklemall has signed a 46,000-square-foot lease in Vernon Hills, a northern suburb of Chicago. The facility, which will be located in a space formerly occupied by Toys “R” Us, is scheduled for completion in the first quarter of 2024. The flagship venue marks the first of 50 that are planned throughout the country over the next two years. Transwestern Real Estate Services (TRS) represented Picklemall in the leasing negotiations.
