Luby’s hires JLL to handle sale of real estate holdings

Houston-based Luby’s Inc. (NYSE: LUB) has hired commercial real estate firm JLL as it prepares to liquidate and dissolve the company.

JLL (NYSE: JLL) will assist Luby’s in marketing and selling its real estate holdings, according to a Nov. 10 press release. The restaurant company currently operates 60 Luby’s Cafeteria locations and 24 Fuddruckers locations, including several in the Houston area.

The special committee of the board of directors for Luby’s said that hiring JLL is “the next logical…