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WASHINGTON, DC-The leasehold interests secured by two movie theater complexes in the Washington area have been placed on the market as a portfolio with an asking price of $25 million. The theaters are  located in the Potomac Yard Shopping Center in Alexandria, VA, and the Hunt Valley Towne Center in Hunt Valley, MD. 

It is rare to see movie theaters become available, says Colliers International broker James Murphy, who is handling the sale along with colleagues Margaret O’Keeffe and Roger Carlson. “Usually they trade as part of a shopping center or retail complex,” he tells GlobeSt.com. These are coming to market because the owner–a Connecticut-based institutional investor –decided the time was right to sell after holding them for 12 years, Murphy says.

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