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Take Me Out to the Movies

Movie Theatre Purchased
By Ari Bodner
May 8, 2002 | 5:23 P.M.

One Liberty Properties, Inc. via its joint venture, OLP Holdings, LLC, acquired an 88,600-square-foot, 22-screen movie theatre in Austell, GA. The approximate price for the theatre, with stadium-style seating, was $11.8 million. The property is triple net-leased on a long-term basis to Regal Cinemas, Inc. One Liberty Properties, Inc. is a New York-based REIT that specializes in the acquisition and ownership of a diverse portfolio of real estate properties under long-term net leases.

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