Worcester Showcase Cinemas North sold for $8.75 million to New York real estate investment firm
The sale of Worcester’s Showcase Cinemas North, which the previous owner hinted at last month, closed for nearly $ 9 million earlier this month, according to the Worcester County Registry of Deeds.
The 17.5-acre property, most recently used for an 18-screen movie theater, was sold to Criterion Group LLC, a real estate investment firm whose previous projects include residential buildings, self-storage facilities, movie studios, warehouses, industrial yards and trucking Parking lots in the USA.
The listing for the property indicated that the 95,000 square foot theater area is used for industrial purposes and could include 578 truck stands.
The purchase of $ 8.75 million was recorded on July 1.
The theater had to close in March 2020 due to COVID-19 restrictions. When Governor Charlie Baker lifted these restrictions last summer, the theater at 135 Brooks Street remained closed.
National Amusements, which opened the theater in the mid-1990s, announced last month that Showcase Cinemas North would be permanently closed and under contract to be sold.
“Showcase Cinemas has strong ties to the Worcester region and the US cinema business. Showcase Cinemas confirms the closure of our Worcester North location as the location is currently for sale, ”said Malinowski. “Our Blackstone Valley 14 Cinema de Lux location remains open and we look forward to continuing to offer our Blackstone Valley guests a first-class cinema experience.”
Nine other showcase cinemas remain open in Massachusetts.