Beverly Hills, CA-based RP Realty Partners bought the retailsection of the Plaza and hired CB Richard Ellis to lease thesecond-floor theater and remaining ground-floor retail spaces. CBREsenior associate Bobby Palta and first vice president Wood Belchersecured the theater tenant in April 2008 and executed the lease inAugust. RP Realty secured financing through the City of Orlando andbegan construction in February of this year.

The 57,000-square-foot theater is being operated by Las Vegas,NV-based American Theatre Corp. and includes two larger screenswith digital high-definition projection systems that can show 3-Dmovies. More than 1,100 leather rocker seats are available, alongwith concessions ranging from candy and popcorn to caviar andchampagne.

"The response has been overwhelming. This is truly a first classtheater located in the heart of Downtown Orlando," Palta says,adding that the Plaza Cinema Cafe 12 will be an entertainmentdestination for visitors as well as local residents and workers.Movie ticket prices range from $4.50 for matinees to $9.50 forevening shows.

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