Dee's Restaurants Sold

Dee's Restaurants Sold

Save Story

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

(KSL News) -- Dee's Family Restaurant has sold five of its locations in the Salt Lake area.

Phillips Edison Group, a commercial real estate developer, bought the land yesterday, but won't say what they're doing with it until Friday.

Dee's president says seven restaurants will stay in Utah and will upgrade and expand. He said the deal was attractive because the property value underneath the restaurants is more valuable than the restaurants.

He said it was more valuable to sell and use the money to diversify more locations and commercial space than to keep the restaurants.

For more on this story, check tomorrow's Deseret Morning News.

Most recent Utah stories

Related topics



Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the Trending 5.
By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

KSL Weather Forecast