Matters of Interest

Firm Represents Family-Owned Movie Theater in Lease Buyout

The Firm recently represented MovieWorld, a family-owned and operated movie theater located in the Douglaston Plaza shopping center, in connection with the termination/buyout of its lease. The theater had been in operation since 1983, and the current owners had been operating it since 2012. The lease termination/buyout was necessary for the landlord, Ashkenazy Acquisition Corporation, to bring in a new Lowe's store, which will contain approximately 110,000 square feet. Lowe's will also be taking over the former Macy's space for its new location.

The theater's closure was reported on by several media outlets, including NY1, QNS.com, the Times-Ledger and the Wide Screen World blog.

Click here to watch the NY1 clip.

Click here to read the QNS.com article.

Click here to read the Times-Ledger article.

Click here to read the Wide Screen World blog.

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