RICK'S CABARET AGREES TO PURCHASE NIGHTCLUB FOR $12 MILLION

DALLAS — Rick's Cabaret International has signed an agreement to acquire a 54,000-square-foot retail property partially leased to Silvery City Cabaret, an adult nightclub located at 7501 N. Stemmons Freeway in Dallas, for $12 million. Rick's Cabaret is planning on rebranding the Silver City Cabaret and adding a Tootsie's style Knockers Sports Bar to the facility, which is only using 14,000 square feet currently.