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Sherman Transfers Theatre to Duluth Playhouse after $29M Revamp

Sherman Transfers Theatre to Duluth Playhouse after $29M Revamp

Sherman Associates, Duluth Playhouse, the City of Duluth, the Duluth Area Chamber of Commerce, and development partners recently marked the presentation of the historic NorShor Theatre to Duluth Playhouse from Sherman Associates, marking the transfer of ownership interest of the theatre.

NorShor Theatre is a nearly 60,000 square foot, state-of-the-art, community-based contemporary regional arts center with full performing arts education and production facilities. It houses a 605-seat main stage theatre, wine bar, and music and theatre classrooms.

Sherman completed the $29.5 million adaptive reuse and historic rehabilitation of the theatre in 2017 as the result of a unique public, private, and nonprofit partnership between Sherman, Duluth Playhouse, and the City of Duluth. The project used over ten sources of financing, including private and public debt, equity, tax credit allocations, tax increment financing, and grants, including contributions from Duluth Playhouse and the City of Duluth.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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