Have an Account? E-Mail Address Passcode
| Register Now
Two Virginia Theaters Get a New Lease on Life

Posted on Friday, February 12, 2021 2:30 PM and updated on Friday, February 12, 2021 6:19 PM

In October 2020, the Regal Harrisonburg 14 in Harrisonburg, Virginia and the Regal Columbus 12 in Virginia Beach (also in Virginia) closed after their leases were terminated by their landlord.

A new article published in The Virginian-Pilot is now reporting that both theaters may reopen after the landlord negotiated new leases with Regal:

The Regal movie theater at Town Center in Virginia Beach is getting a second chance after its lease was terminated in late October by landlord Armada Hoffler.

Armada Hoffler CEO Louis Haddad told investment analysts Thursday that his development company had signed a new lease with Regal earlier this year to return to its Columbus Movies 12 space at 104 Constitution Dr.

Haddad described the new lease as “very advantageous” for Regal, with rent payments starting again in the spring as the second largest movie theater chain in the country anticipates reopening. The lease is only good through the end of the year, though, at which time Regal will need to decide if it wants to sign on for a full lease and return to business as usual or to walk away. The latter option would allow Virginia Beach-based Armada Hoffler to speed up plans to redevelop the site, which is across the street from its higher-density shopping center, by building more apartments and retail space.

:

Armada Hoffler had also terminated a Regal movie theater lease in Harrisonburg near the James Madison University campus but has since leased it back to Regal. It had been the only movie theater in a 100-mile radius, Haddad said, and the new arrangement gives Armada Hoffler the ability to develop five of the 10 acres it sits on there.

Click the Read link below to view the full article.



Add Your Comments

Reader VoiceReader Comments

No comments found. Be the first and let us know what you think!

Add Your Comments

Please login
Commenting on Journal Articles is available only to our readers who have customized this site, which makes it easier for you to complete the form and for us to contact you with any questions or concerns about your comments.

Please login or register a new account before continuing.


Already Registered?

Log in to retrieve your saved settings.

E-Mail Address:
BigScreen Passcode:

Forget Your Passcode?

Send My Passcode To Me

Not Registered? Create a New Account!

E-Mail Address
In case we need to contact you. A valid E-Mail address is required, profiles with invalid addresses will be removed.
Please Confirm Your E-Mail Address
ZIP Code
This helps us display theaters that are near you.

Our registered members enjoy more features, including:

Basic accounts are free -- sign up today!

Concerned About Privacy?

So are we! We won't sell, trade, or share your personal information with anyone unless required by law. For more information, please read our Privacy Policy.



Home - About Us - Ad Info - Feedback
News Headlines - Theaters - Movies - Reader Reviews - Movie Links
Your Account - VIP Service

The BigScreen Cinema Guide is a service of SVJ Designs LLC. All graphics, layout, and structure of this service (unless otherwise specified) are Copyright © 1995-2021, SVJ Designs. The BigScreen Cinema Guide is a trademark of SVJ Designs. All rights reserved.

'ACADEMY AWARDS®' and 'OSCAR®' are the registered trademarks and service marks of the Academy of Motion Picture Arts and Sciences.
Find Us on Facebook