The Great Escape Theatres Opens New 14-Screen Theater at Feldman Mall Properties' Harrisburg Mall
19 Novembre 2007 - 5:31PM
PR Newswire (US)
HARRISBURG, Pa., Nov. 19 /PRNewswire-FirstCall/ -- Feldman Mall
Properties, Inc. (NYSE:FMP), a real estate investment trust (REIT)
exclusively focused on the renovation and repositioning of enclosed
regional shopping malls, announces the grand opening of the new
Great Escape Theatre at the Harrisburg Mall in Harrisburg, PA.
"We're very excited to have the new Great Escape Theatre in Swatara
Township," said Paul Cornell, Business Administrator for Swatara
Township. "The theatre is a showplace, a palace -- from the marble
floors to the spectacular rainbow lighting -- but what's most
impressive is the picture clarity and sound. They're just amazing.
I been an avid movie-goer my entire life, and I've never
experienced anything like it." Opened on November 9, 2007 by
Alliance Entertainment, LLC, the new Harrisburg Great Escape 14 is
one of Pennsylvania's finest movie theatres ever built, offering 14
wall-to-wall screens and over 50,000 square feet of modern,
movie-going amenities, including luxurious all-stadium seating with
high-back rocking chairs featuring retractable armrests, digital
picture presentation capability in all auditoriums, Dolby Digital
Surround-EX(R) stereo capability, 3-D digital picture capability, a
spacious lobby, the "Critics Choice" frequent movie-goers rewards
program, ample parking, a lobby kiosk, internet and advance
tickets. Great Escape's newest location is on the second level in
the Harrisburg Mall at the intersection of Paxton Street and I-83.
The theatre is part of the Harrisburg Mall's expansion that
includes the recently opened Bass Pro Shop and a multi-million
dollar streetscape with Panera Bread, Barnes & Noble,
Starbucks, a new 16,000 square foot international entertainment and
dining tenant under construction. The theater complex is the focal
point of a second round of renovations at the newly expanded
1,000,000-square-foot mall. The Great Escape Theatres can also be
entered along the Route 441 side of the mall, between the Hecht's
and Boscov's anchor stores. "This theater complex is the epitome of
what we aim for at all of our mall redevelopments. The Great Escape
Theatres is a very exciting addition to our continued redevelopment
plans for Harrisburg Mall," said Larry Feldman, Chairman of Feldman
Mall Properties. The Company has invested upwards of $50 million in
mall improvements over the past two years. "When we announced the
grand re-opening of Harrisburg Mall with Bass Pro Shops and
Boscov's in 2004, we made it very clear that in order to elevate
the mall to Class A status we would need to provide the Harrisburg
public with additional elements of excitement. The Great Escape
Theatres is guaranteed to add more than just excitement. This
theater brings a level of luxury that Harrisburg theater patrons
have been craving." Anne Ragains, President and CEO for Alliance
Management, added, "At The Great Escape, we are dedicated to
maintaining and exceeding the standards in state-of-the-art
theaters and this is immediately evident at the Harrisburg Mall
cinema." The Great Escape multiplex is part of an ongoing $30
million-plus addition to the Harrisburg Mall, located in the
rapidly growing Swatara Township. The Mall boasts three anchor
tenants including Macy's, Boscov's and Bass Pro Shops. Other
tenants include Barnes & Noble and Panera Bread (under
construction), Victoria's Secret, New York & Co., Aeropostale,
American Eagle and PacSun. About Feldman Mall Properties Feldman
Mall Properties, Inc. acquires, renovates and repositions enclosed
regional shopping malls. Feldman Mall Properties Inc.'s investment
strategy is to opportunistically acquire underperforming malls and
transform them into physically attractive and profitable Class A
malls through comprehensive renovation and re-tenanting efforts
aimed at increasing shopper traffic and tenant sales. For more
information on Feldman Mall Properties Inc., visit the Company's
website at http://www.feldmanmall.com/. The Company's portfolio,
including non-owned anchor tenants, consists of seven regional
malls aggregating approximately 7.0 million square feet of which
the Company owns approximately 4.1 million square feet. To receive
the Company's latest news release and other corporate documents,
please contact the Company at (516) 684-1239. All releases and
supplemental data can also be downloaded directly from the Feldman
Mall Properties website at: http://www.feldmanmall.com/. About
Alliance Entertainment, LLC Alliance Entertainment, LLC,
headquartered in New Albany, IN, was founded in 1997 and currently
operates 21 locations with 237 Screens. Forward-Looking Information
This press release contains forward-looking statements that involve
risks and uncertainties regarding various matters, including,
without limitation, the success of our business strategy, including
our acquisition, renovation and repositioning plans; our ability to
close pending acquisitions and the timing of those acquisitions;
our ability to obtain required financing; our understanding of our
competition; market trends; our ability to implement our
repositioning plans on time and within our budgets; projected
capital and renovation expenditures; demand for shop space and the
success of our lease-up plans; availability and creditworthiness of
current and prospective tenants; and lease rates and terms. The
forward-looking statements are based on our assumptions and current
expectations of future performance. These assumptions and
expectations may be inaccurate or may change as a result of many
possible events or factors, not all of which are known to us. If
there is any inaccuracy or change, actual results may vary
materially from our forward-looking statements. DATASOURCE: Feldman
Mall Properties, Inc. CONTACT: Thomas E. Wirth, President &
Chief Financial Officer, or Larry Feldman, Chairman, both of
Feldman Mall Properties, Inc., +1-516-684-1239; or Vicki Baker of
Financial Relations Board, +1-703-796-1798, , for Feldman Mall
Properties, Inc. Web site: http://www.feldmanmall.com/
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