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Edwards Theatres Chooses Jones Lang LaSalle

NEWPORT BEACH, CA-The theater operator, which declared bankruptcy in August 2000, awards Jones Lang with a two-year contract to manage its real estate portfolio. The decision to outsource is part of a recovery plan to improve the profitability of the company's operations.

By Erin Cassin | Updated on October 12, 2001

NEWPORT BEACH, CA-Locally based Edwards Theatres Inc. has delegated management of its real estate portfolio to Jones Lang LaSalle, as part of a recovery plan aimed at improving the theater operator’s profitability.

Awarded with a two-year contract, Jones Lang will manage 3.4 million sf at 55 theater locations. The majority of Edwards’ cinemas are located in California, but the company also has holdings in Idaho and Texas. “We have already developed a web-based lease administration system to track the company’s extensive portfolio,” says Bill Suits, senior vice president at Jones Lang LaSalle.

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