Tucson’s Century Park 16 to close in January
TUCSON, AZ — An investment group has purchased the Century Park 16 which is currently operated by Cinemark, which acquired the theater when it absorbed the Century chain a few years ago. The theater opened as the Century Park 12 in the late 1980’s and was built on the site of a former drive-in. The investment group plans to use the site for non-theatrical purposes.
The property is zoned for light industrial use, said Buzz Isaacson, a broker with CB Richard Ellis who is listing the property for the investors. That leaves it open to a variety of occupant types, including medical, office or educational. It could include some retail space, though that will not likely be its primary use, Isaacson said.
A new tenant would likely retrofit the existing structures to accommodate its business. “Our prediction is that we will attract a user that will use all or part of the theaters,” Isaacson said.
The full story appeared in the Arizona Daily Star.