Worcester Showcase Cinemas North Sold for $ 8.75 Million to New York Real Estate Investment Firm

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Sale of cinemas Worcester’s Showcase Cinemas North, the previous owner hinted last month, was completed at nearly $ 9 million earlier this month, according to the Worcester County Registry of Transactions.

The 17.5-acre site that was most recently used for an 18-screen cinema has been sold to Criterion Group LLC, a real estate investment firm that in the past has sold residential buildings, warehouses, movie studios, storage facilities, industrial yards, etc. D. truck parking throughout the United States.

IN real estate listing hinted that the 95,000-square-foot theater space would be used for industrial purposes and could accommodate 578 truck kiosks.

The $ 8.75 million purchase was recorded on July 1.

The theater was forced to close in March 2020 due to COVID-19 restrictions. When Gov. Charlie Baker lifted those restrictions last summer, the theater at 135 Brooks Street remained closed.

National Amusements, which opened the theater in the mid-1990s, announced last month that Showcase Cinemas North would be permanently closed and under contract to sell it.

“Showcase Cinemas is deeply committed to the Worcester region and the US theater exhibition business. Showcase Cinemas is confirming the closure of our Worcester North office as we currently have a sales contract, ”said Malinowski. “Our location at Blackstone Valley 14 Cinema de Lux remains open and we look forward to continuing to provide our Blackstone Valley visitors with the opportunity to enjoy movies.”

Nine more Showcase theaters remain open in Massachusetts.

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