AMC Theater at Regency Square Mall Sold to Kansas City Based REIT

The 24 screen AMC movie theater located at Regency Square Mall sold on Monday, May 25th for $26.2 million. The seller, Namdar Realty Group and Mason Asset Management out of Great Neck, NY, bought Regency Square Mall, which included the theater, in early 2014. After purchasing the theater the owners started a $2.9 million renovation, including upgraded seating and full bar. The buyer is EPR Properties, a REIT based in Kansas City who focuses on entertainment, recreation and education property assets. The company also owns the building on Philips Highway leased to Latitude 30.

About Ernie Saltmarsh

Ernie works for Colliers International in the Northeast Florida Investment Services Group. The team includes Robert Selton, Scott Rogers, Ernie Saltmarsh and Adrienne Miller. Ernie works with buyers who are looking to invest in commercial real estate and sellers who are looking to dispose of investment assets. Ernie's background in research, marketing and finance provide the vital skills necessary to serve his clients.

Posted on May 28, 2015, in sale, Single Tenant Net Leased (STNL), The Florida Times-Union and tagged , , , , . Bookmark the permalink. Leave a comment.

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