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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.

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