Developer buys four closed Showcase Cinemas in Connecticut
HARTFORD, CT — A developer is paying National Amusements $45 million to buy four abandoned Showcase Cinema theaters in the area to convert them to commercial and industrial use.
The developer has been negotiating with NA for two years. All the properties add up to nearly 100 acres and their excellent locations near major thoroughfares were compelling enough to make the deal even in this economy. One of the properties has already been resold to a local electrical utility.
Included with the properties is the Showcase Cinemas East Hartford, which was the first multiplex in Connecticut. It opened as a four-screen theater in 1973 and closed with 14 screens in 2006. Newly built multiplexes with stadium seating nearby led to its closure.
Read more in the Hartford Courant.