Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ALEXANDRIA, VA-In a $1 million-per-movie-screen deal, the year-old AMC Hoffman 22 megaplex theatre has become the property of Kansas City, MO’s Entertainment Properties Trust for $22 million. The property is a 97,000-sf facility with more than 4,000 seats. Located at 2500 Eisenhower Avenue, the building itself has not yet been assessed by the county put the 2-acre property has a 2002 assessed value of $3.345 million.

“With the addition of the AMC Hoffman 22 theatre, our real estate portfolio of 37 megaplex theatres and related entertainment and leisure properties now includes over 20% of the top 100 best-performing theatres in the United States,” boasts Entertainment Properties CFO Frend Kennon. “The Hoffman purchase raises our year-to-date acquisition volume to $168 million in 11 megaplex theatre properties.”

Almost since its debut early last summer, the Hoffman 22 has been a leading theater in the Washington Metro region and currently ranks among the top 50 best-performing movie houses in the nation. American Multi-Cinema Inc. leases the space under a long-term arrangement.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.