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Entertainment Tenants
Laser One Midway
Amusement Laser LLC trades as Laser One Midway at five locations in OH and WV.
The family entertainment centers occupy spaces of 4,000 sq.ft. in malls. Growth
opportunities are sought throughout the midstates area during the coming 18
months. Leases running five years plus five-year options are typical.
For more information: Jerry Kroos, Amusement Laser LLC, 5310 One Midway,
Columbus, OH 43213; 614-552-2933, Fax 614-552-2935.
Megastar Cinemas
Washington, D.C. Retail Brokers represents Megastar Cinemas, a three-unit chain
with locations in OH, MI and MN. The theaters occupy spaces of 60,000 sq.ft. to
70,000 sq.ft. in freestanding locations and malls. Plans call for 15 openings
during the coming 18 months. Expansion will take place nationwide. The company
prefers build-to-suit locations, with 10 acres to 12 acres required. The company
will not locate within 12 miles of another stadium-seating theater (12-14-16
screens), but will locate near theaters with 6-8-10 screens. Demographic
requirements include a population of 150,000 within five miles earning $40,000
to $50,000 as the average income.
For more information: Kenny Cohen, Washington, DC Retail Brokers, 5715 16th
Street NW, Washington, DC 20011; 202-882-8100, Fax 202-882-8500; Email:
kmcohen@erols.com
Central States Theatre
Central States Theatre Corp. trades as Central States Theatre with 80 screens
located in IA and NE. The movie theaters occupy spaces of 12,000 sq.ft. to
25,000 sq.ft. in freestanding locations, malls, entertainment, power and strip
centers. Growth opportunities are sought throughout the existing market during
the coming 18 months.
For more information: Arthur Stein, Central States Theatre Corp., 505 Fifth
Avenue, Des Moines, IA 50309; 515-243-5287, Fax 515-243-5892.
Reel Entertainment
Reel Entertainment operates five units (36 screens) in ID, NY and PA. The
theaters occupy spaces of 10,000 sq.ft. to 15,000 sq.ft. in power and strip
centers. Growth opportunities are sought throughout the existing markets during
the coming 18 months. Demographic requirements include a population of 30,000
within 10 miles.
For more information: Dale Reese, Reel Entertainment, 6424 South Chatman,
Greenacres, WA 99016; 509-924-7514, Fax 509-922-3735.
Rave Motion Pictures Theater
Rave Review Cinemas trades as Rave Motion Pictures Theater at four locations in
AL, FL and TX. The theaters occupy spaces of 80,000 sq.ft. in freestanding
locations. Growth opportunities are sought throughout the southeast and
southwest during the coming 18 months.
For more information: Robert Painter, Rave Review Cinemas, 3333 Welborn, Suite
100, Dallas, TX 75219; 972-692-1700, Fax 972-692-1708.
Tilt
Nickels and Dimes Incorporated trades as Tilt at 185 locations nationwide and in
Australia. The arcades occupy spaces of 1,500 sq.ft. to 40,000 sq.ft. in malls
and festival market places (Australia). Growth opportunities are sought
nationwide during the coming 18 months. Typical leases are 10 to 15 years plus
options.
For more information: Ron Kostelny, Nickels and Dimes Incorporated, 4534 Old
Denton Road, Carrollton, TX 75010; 972-492-3262, Fax 972-492-5705.
Dave & Buster’s
Dave & Buster’s Inc. trades as Dave & Buster’s at 28 locations in CA, CO, FL,
GA, IL, MD, MI, NY, OH, PA, RI, and TX. The restaurants, also providing arcades,
occupy spaces of 55,000 sq.ft. in freestanding locations, malls, power and
specialty centers. Growth opportunities are sought nationwide during the coming
18 months. A land area of eight acres is required.
For more information: Brian Spain, Dave & Buster’s Inc., 2481 Manana Drive,
Dallas, TX 75220; 214-357-9588, Fax 214-358-8632.
Holoworld
Holoworld operates four locations in CA, CO, NY and TX. The restaurant/sports
bars, which offer video games, interactive and laser games, occupy spaces of
20,000 sq.ft. to 25,000 sq.ft. in urban/downtown areas, malls, entertainment and
power centers. Plans call for as many as 10 openings during the coming 18
months. Expansion will take place nationwide. The company cites Dave & Busters
and Jillians as competition. Preferred cotenants include theaters. Demographic
requirements include a population of 250,000 within five miles earning $40,000
as the average income. Leases running five to 10 years are typical.
For more information: Stephen Goldblatt, c/o Beitler Commercial Real Estate,
15165 Ventura Boulevard, Suite 400, Sherman Oaks, CA 91403; 818-501-5001, Fax
818-986-1500; Web site: www.beitler.com;
Email: sgoldblatt@beitler.com
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