KeyPoint Partners Secures Flagship Apple Cinemas Site
Expanding Cinema Chain To Open In Former Showcase At Warwick Mall
KeyPoint Partners (KPP) negotiated a new lease for its expanding cinema client Apple Cinemas, a flagship location at Warwick Mall, Rhode Island’s premier mall. Apple Cinemas will replace the former Showcase Cinema at 400 Bald Hill Road, which closed in April. Vice President of Leasing/Tenant Rep Don Mace negotiated the deal for the 52,048 square foot cinema.
“Apple Cinemas will bring high quality family entertainment to the Warwick market, providing a greatly enhanced movie-going experience than the former operator,” Mace says.
Apple Cinemas is very bullish on the future of the cinema industry. KPP is seeking sites throughout the U.S. to develop new cinemas or rebrand existing ones, with a goal of opening 100 cinemas during the next decade.
“Apple Cinemas is on a path to becoming a top-tier cinema operator throughout the U.S. The group excels at upgrading the movie-going experience in any market. We’re looking at every opportunity to grow the brand,” Mace says. “We’re seeking sites in the 30,000 - 65,000 square-foot range with suitable ceiling heights, with a preference to convert existing cinemas.”
Apple Cinemas currently operates multi-screen family film and entertainment venues throughout New England, and recently opened two new theaters in the Hartford, Connecticut market, with several additional leases pending. Since 2010, Apple Cinemas has provided premium entertainment experiences at exceptional value, with luxury stadium recliner seats, digital projection and sound, and self-serve snack bars in a family-friendly environment, with upscale bar and dining options at selected locations. Apple Cinemas presents varied and dynamic programming featuring popular blockbusters, art films, and foreign films in several languages.