Main Street Movies 5 will open a five-screen, state-of-the-art movie theater with reserved, reclining seats and refreshments from local vendors at the Newark (DE) Shopping Center in August of 2016. The new theater will replace the shuttered Newark Cinema Center, which operated from the early 1960’s through October of 2015. Main Street Movies 5 has signed an 18,000 square foot lease with Atlantic Realty Companies of Tysons, VA, which acquired the Newark Shopping Center four years ago in partnership with New York City-based Angelo, Gordon & Co.
A partnership of Atlantic Realty Companies (ARC) of Tysons Corner, VA and Angelo, Gordon & Co. (AG) of New York City has acquired four office buildings totaling 499,696 square feet in Reston, VA for approximately $82 million. The properties are strategically located near the Dulles Access Road and the new Silver Line Metro station. The portfolio is 50 percent leased to more than 40 tenants including Reston Association and offices of Wal-Mart. Eastdil Secured brokered the transaction.
The Donaldson Group (TDG) of Rockville, MD and its equity partner, New York-based Angelo, Gordon & Co. (AG), have acquired Cider Mill Apartments, an 864-unit garden-style apartment community located in Montgomery Village, Maryland. The acquisition price was approximately $110 million, and the partnership plans to invest an additional $15 million to renovate the property.
The Donaldson Group (TDG) of Rockville, MD and its equity partner, New York-based Angelo, Gordon & Co. (AG), have acquired Rolling Brook Village, a 732-unit garden apartment community located in Woodbridge, VA. The acquisition price was approximately $107.5 million.