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Boston & New England  + Metro Boston  + Retail  | 

Shuttered Multi-Screen Randolph Cinema Site Finds Buyer

Weeks after the former Showcase Cinema de Lux in Randolph closed its doors, Atlantic Capital Partners arranged the $9-million sale of 73 Mazzeo Dr., the site of the longtime cinema operation. The asset spans 112,265 square feet on a 13.48-acre site, located within minutes of the I-93 and Route 24 interchange.

The transaction was led by Justin Smith, head of capital markets; David Smookler, partner; Peter Considine, partner; Danielle Turpin, senior associate; and Matt Austin, Senior analyst. Atlantic exclusively represented the seller in the transaction and secured the undisclosed buyer.

The site’s access and positioning allow ownership with multiple paths forward to reimagine the site. The three-level theatre had operated since 1997 with 16 screens that accommodated 2,240 seats. Smookler said, “For years, the seller operated a highly successful movie theatre chain throughout the region, with Randolph serving as one of the chain’s most productive sites in all of New England.”

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Atlantic Capital Partners

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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