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ATLANTA-Movie theatre acquisitions appear to be back in the fold as One Liberty Properties Inc. of Great Neck, NY picks up its fourth screen asset this year.

The REIT’s joint venture, OLP Holdings LLC, paid an undisclosed seller $14.1 million or $160.23 per sf for the 88,000-sf, 24-screen AMC Southlake Pavilion 24 Theatre in suburban, Morrow, GA.

The movie house is triple-net leased on an estimated 20-year contract to American Multi-Cinema Inc., a subsidiary of AMC Entertainment Inc. The value of the lease wasn’t disclosed in a prepared statement from One Liberty.

DB Real Estate-Private Equity, an affiliate of Deutsche Bank Group and MTC Investors LLC, participated in the deal and is part of OLP Holdings.

OLP previously purchased an 88,660-sf, 22-screen theatre in Austell, GA, an Atlanta suburb, for $11.8 million ($133.09 per sf); an 80,000-sf, 20-screen theatre in Norwalk, CA, a Los Angeles suburb, for $12.5 million ($156.25 per sf); and a 75,000-sf, 20-screen theatre in Beavercreek, OH, a Dayton suburb, for $9.72 million ($129.60 per sf).

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