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Multiplexes Trade for Singular Price

SOUTH NORWALK, CT-Summit Development is acquiring four multiplex cinema properties and repositioning one as a regional service center for The United Illuminating.

By Ryan Clark | Updated on November 30, 2008

SOUTH NORWALK, CT- South Norwalk, CT-based Summit Development is laying down $45 million to acquire four retail properties from National Amusements. The properties total 95 acres and house four multiplexes.

The properties are four separate sites located in Milford, East Windsor, Orange and East Hartford. The Orange cinema on Marsh Hill Road will be repositioned as a new 350,000-square-foot regional service center for The United Illuminating. United Illuminating is, in turn, purchasing that site from Summit for an undisclosed amount. United Illuminating is an electric distribution and transmission utility based in New Haven, CT.

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