Cedar Shopping Centers and Regal Cinemas Announce Plans for a 60,000 Sq. Ft. 2,800-Seat Theater Complex at the Camp Hill Mall PORT WASHINGTON, N.Y., Nov. 12 /PRNewswire-FirstCall/ -- Cedar Shopping Centers, Inc. and Regal Cinemas today announced that they had signed an agreement for construction of a 60,000 sq. ft. 14 auditorium movie picture theater complex at the Camp Hill Mall. The theater will accommodate 2,800 viewers in stadium seating. A land development plan including the theater site has been fully approved at all levels by the Borough of Camp Hill in August of this year. The theater will be built at the location of the present Giant Food store and a portion of the existing Camp Hill mall adjacent to the Giant Food store. There will be approximately 1,000 parking spaces devoted to the theater use. Construction at the Camp Hill Mall as part of its redevelopment has in fact commenced. The site of the former Montgomery Ward store and a portion of the former food court are presently being demolished to make way for a previously-reported new 65,300 sq. ft. Giant Food store facing Trindle Road (and approximately 24,000 sq. ft. of new adjacent retail stores facing Route 15). Regal Cinemas is the largest motion picture exhibitor in the world. It is part of the Regal Entertainment Group (NYSE:RCG), which also includes United Artists, Edwards and Hoyts theaters, among others. The Regal Group cinemas include 6,119 screens in 532 theaters in 39 states, representing 17% of all screens in the U.S. Cedar Shopping Centers, Inc., with headquarters in Port Washington, New York, is a fully integrated, self-administered and self-managed real estate investment trust listed on the New York Stock Exchange. Its investments are focused primarily in multi-tenant supermarket-anchored shopping centers in eastern Pennsylvania, southern New Jersey and Connecticut. DATASOURCE: Cedar Shopping Centers, Inc. CONTACT: Leo S. Ullman, President of Cedar Shopping Centers, Inc., +1-516-767-6492

Copyright