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ENTERTAINMENT TENANTS
Cinema Grill Café, Cinema Grill,
Entertainment Film Works
Restaurant Entertainment Group trades as Cinema Grill Café at five locations
nationwide. The movie theaters, with a lobby café offering lite menu fare,
occupy spaces of 15,000 sq.ft. to 25,000 sq.ft. in urban/downtown areas,
freestanding locations, malls, specialty, entertainment and strip centers. Plans
call for 50 openings during the coming 18 months. Expansion will take place
nationwide. Demographic requirements include a population of 100,000 within
three miles earning $35,000 as the average household income. The company is
interested in existing theater sites. The company also trades as Cinema Grill at
27 locations nationwide. The movie theaters, offering a full menu with
auditorium dinner seating and serving beer or wine, occupy spaces of 10,000
sq.ft. to 20,000 sq.ft. in urban/downtown areas, freestanding locations, malls,
specialty, entertainment and strip centers. Plans call for 50 openings during
the coming 18 months. Expansion will take place in the 50 major metropolitan
markets nationwide. Demographic requirements include a population of 100,000
within three miles earning $35,000 as the average household income. The company
is focusing on taking over existing theater sites. The company also trades as
Entertainment Film Works at five locations nationwide. The movie theaters occupy
spaces of 25,000 sq.ft. to 50,000 sq.ft. in urban/downtown areas, freestanding
locations, malls, specialty, entertainment and strip centers. Plans call for 50
openings during the coming 18 months. Expansion will take place in the top 50
major metropolitan markets nationwide. Demographic requirements include a
population of 100,000 within three miles earning $35,000 as the average
household income. The company is focusing in existing theater sites.
For more information: John Duffy, Restaurant Entertainment Group, 5920 Roswell
Road, Atlanta, GA 30328; 404-250-9536, Fax 404-256-1569; Web site:
www.cinemagrill.com; Email:
cinegrill@aol.com.
Eastern Federal Theatres
Eastern Federal Corporation trades as Eastern Federal Theatres at 21 locations
in FL, NC and SC. The theaters occupy spaces of 50,000 sq.ft. in freestanding
locations, malls, power, mixed-use and entertainment centers. Plans call for
three openings during the coming 18 months. Expansion will take place throughout
the existing markets. Demographic requirements include a population of 100,000
within five miles earning $50,000 as the average household income. The company
is interested in acquisitions only. A land area of eight to 10 acres is
required.
For more information: Bill Wilson; Eastern Federal Corporation, 901 East
Boulevard, Charlotte, NC 28203; 704-377-3495 Ext. 322, Fax 704-338-6876; Web
site: www.easternfederal.com.
MegaStar Cinemas
Collyard Group, LLC trades as MegaStar Cinemas at three locations in OH, MA and
MN. The theaters occupy spaces of 60,000 sq.ft. to 80,000 sq.ft. in freestanding
locations, malls and mixed-use centers. Plans call for as many as 15 openings
during the coming 18 months. Expansion will take place nationwide. A land area
of 11 acres is required for freestanding locations. Openings scheduled to date
are for Edina, MN (Nov. 2001) and Atlanta, GA (May 2002).
For more information: Gary Collyard, Collyard Group, LLC, 11712 Wayzata
Boulevard, Minnetonka, MN 55305; 952-593-6177, Fax 952-593-0073.
Laser Quest
Leisure Entertainment Corp. trades as Laser Quest at 60 locations nationwide and
in Canada. The laser tag facilities occupy spaces of 9,300 sq.ft. in
freestanding locations, power and strip centers. Plans call for eight openings
during the coming 18 months. Expansion will take place nationwide. Metropolitan
areas with a population greater than 600,000 within the trade area are of
particular interest. Leases running 10 years are typical. Average sales of $500
psf have been reported.
For more information: Randy Iaboni, c/o Randy Iaboni Real Estate, 5215 Suffield
Terrace, Skokie, IL 60077; 847-966-9646, Fax 847-966-9474; Email:
rire@istar.ca.
The Movie Experience
Sanborn Theatres, Inc. trades as The Movie Experience at nine locations in CA.
The theaters occupy spaces of 50,000 sq.ft. to 60,000 sq.ft. in malls, outlet
and entertainment centers. Plans call for as many as two openings during the
coming 18 months. Expansion will take place throughout CA, ID and UT. Leases
running 15 years plus options are typical.
For more information: Gary Richardson, Sanborn Theatres, Inc., 13 Corporate
Plaza, Suite 110, Newport Beach, CA 92660; 949-640-2370, Fax 949-640-7816.
Hoyts Theaters
Hoyts Theaters Corp. trades as Hoyts Theaters at 106 locations nationwide. The
theaters occupy spaces of 30,000 sq.ft. to 60,000 sq.ft. in freestanding
locations, malls and power centers. Growth opportunities are sought nationwide
during the coming 18 months. The company operates a total of 950 screens, and
typically the theaters house 10 to 14 screens. Leases running 20 years with four
five-year options are typical.
For more information: Hal Cleveland, Hoyts Theaters Corp., One Exeter Plaza,
Boston, MA 02116; 617-646-5700, Fax 617-646-5936.
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