KC-Based Owner of "Historic" Grand 24 Says It's Already Found Tenant to Take the Space
Now, EPT is insisting it has, in fact, found a new tenant. It doesn't name names. It doesn't offer specifics. It doesn't say much, actually -- this new development was, in fact, buried within a news release late yesterday concerning EPT's acquisition of 12 theaters in Colorado, California, Indiana and Texas currently occupied by Plano-based Cinemark. But, at the end of the third paragraph, we find this breaking news:
The Company has entered into a letter of intent with another operator for the renovation and re-lease of the Grand 24 in Dallas, Texas, which AMC elected not to renew.To which David Brain, EPT's CEO, adds: "We are looking forward to rejuvenating the historic Grand 24 property with a new tenant." I've left a message for Weis to see if he can offer more specifics.