News: Brokerage

National Amusements signs lease for 55,000 s/f theater at Westgate Mall

According to Gregory Greenfield & Assoc., Ltd. (GG&A), National Amusements, Inc. and the city of Brockton, a lease has been executed for the opening of a 55,000 s/f, stadium-seated, state-of-the-art 12 screen theater at Westgate Mall. Construction is scheduled to start this spring in anticipation of a mid-2009 opening. In addition to the new theater, GG&A also plans to add a 23,000 s/f lifestyle addition adjacent to the theater that will include a free-standing restaurant and several other retailers. The project will also include improvements to the mall's entrances and signage. According to Scott Boggio, senior development officer of GG&A, "Today's announcement is the culmination of a collaborative effort with National Amusements, and the city of Brockton, to meet our customers' desire for a movie theater, lifestyle retailers and a casual sit-down restaurant. The redevelopment will dramatically change the face of the center and the shopping experience at Westgate Mall." "National Amusements is pleased to work with mayor Harrington and the city of Brockton, along with Gregory Greenfield & Assoc., to bring the pleasures of the movie-going experience back to the city," said president of National Amusements, Shari Redstone. Westgate Mall is currently anchored by Macy's, Sears, Best Buy and Marshall's and includes many other national, regional and local retailers. The mall is managed and leased by Jones Lang LaSalle, a diversified real estate services organization.
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Hines of Horvath & Tremblay completes the sale of 200 multi-family units in Connecticut for $16.24 million

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