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American Theater Signs $22M 20-Year Lease

ROCKFORD, IL-A seven-screen Village Grille will become the major anchor tenant at the 87,000-sf Riverside Pavilion retail center.

By Gina Kenny | Updated on June 02, 2008

ROCKFORD, IL-American Theatre Corp. has signed a lease for 38,847 sf at Riverside Pavilion retail center, 5875 E. Riverside Blvd., here. The value of the lease is $22 million during a 20-year period.

American will open a Village Grille movie theater at the retail center and will be the major anchor tenant. “This is taking a huge amount of space that right now is sitting vacant,” says Kathy Groob, a VP with center owner Paul Hemmer Cos.

Village Grille will be one of an increasingly number of theaters in the Chicagoland area which are catering towards an adult movie-going crowd. Village Green will have seven screens with cabaret-style seating and tables serving dinner entrees, appetizers, deserts in addition to beverages such as beer and wine. The theater is expected to open in the spring of 2009.

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