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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.  

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