Search
 

One Liberty Sells Theaters for $178M

GREAT NECK, NY-One Liberty Properties enters into two agreements to sell nine movie theater properties for an aggregate of $161.8 million. The firm also agrees to sell another site for $16 million.

By Barbara Jarvie | Updated on June 17, 2006

(For more retail coverage, click GlobeSt.com/RETAIL.)

GREAT NECK, NY-Locally based One Liberty Properties has entered into three contracts to sell 10 movie theatre properties for an aggregate of approximately $178 million. Entities wholly-owned by two joint ventures of OLP agreed to sell to a single buyer eight properties, while a wholly-owned subsidiary of OLP will sell to the same buyer one property.

The aggregate consideration of those transactions is $161.8 million. Approximately $146.7 million has been allocated to the eight properties and approximately $15.2 million has been allocated to the other site.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.