TUCSON, AZ-A local developer has acquired a 74,000-square-foot movie theater in central Tucson with plans to redevelop the property into 140,000 square feet of new commercial space. Michael R. Wattis Inc. paid Plano, TX-based Century Theaters $2.76 million in cash for Century Park 16, which sits on 12.7 acres at 1055 W. Grant Rd.  

“This is a wow location – it’s as central as you can get in Tucson,” says Buzz Isaacson of CBRE’s local office. He and Ike Isaacson represented Wattis in the acquisition, while the seller was represented by Robert DeLaney and Tim Healy, also in CBRE’s Tucson office

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