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Southlake Firm Completes $40M Theater AcquisitionSouthlake Firm Completes $40M Theater Acquisitionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=100022015-07-03T10:39:00Z2015-07-03T00:00:00Z

The three Texas theaters in the 109-screen portfolio are UA Fossil Creek Stadium 11 in Fort Worth, UA Grand Prairie 10 in Grand Prairie and UA Galaxy Theater 10 in Dallas.

The Grand Prairie theater will close in early 2016 and be redeveloped as a retail center anchored by a grocery store and restaurant.

Players in the joint venture are United, ALA Holdings of Los Angeles and Iron Point Real Estate Partners III LP of Washington, D.C.

HFF arranged $27.8 million in financing for a two-year, floating-rate loan through CapitalSource.

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