{"id":1004159768,"date":"2016-11-23T15:31:04","date_gmt":"2016-11-23T23:31:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004159768"},"modified":"2022-03-03T17:55:41","modified_gmt":"2022-03-04T01:55:41","slug":"marcus-theatres-acquires-wehrenberg-theatres-in-st-louis-area","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marcus-theatres-acquires-wehrenberg-theatres-in-st-louis-area\/","title":{"rendered":"Marcus Theatres Acquires Wehrenberg Theatres in St. Louis-Area"},"content":{"rendered":"<p>by Adina Marcut<\/p>\n<div id=\"attachment_1004159770\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Marcus-Cineva.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004159770\" data-attachment-id=\"1004159770\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/marcus-theatres-acquires-wehrenberg-theatres-in-st-louis-area\/marcus-cineva\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Marcus-Cineva.png\" data-orig-size=\"800,535\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Marcus Cinema\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Marcus-Cineva.png?w=800\" loading=\"lazy\" class=\"wp-image-1004159770 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Marcus-Cineva.png\" alt=\"Marcus Cinema, Addison, IL\" width=\"300\" height=\"201\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Marcus-Cineva.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Marcus-Cineva.png?resize=300,201 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Marcus-Cineva.png?resize=768,514 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004159770\" class=\"wp-caption-text\">Marcus Cinema, Addison, Ill.<\/p><\/div>\n<p><strong> <\/strong><strong>St. Louis<\/strong>\u2014<a href=\"https:\/\/www.marcustheatres.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Marcus Theatres<\/a> recently announced an agreement to acquire the assets of <a href=\"https:\/\/www.wehrenberg.com\/index.aspx\" rel=\"nofollow noopener\" target=\"_blank\">Wehrenberg Theatres<\/a>, based in St. Louis, Missouri. Terms of the transaction were not disclosed.<\/p>\n<p>Wehrenberg Theatres has 197 screens at 14 locations in Missouri, Iowa, Illinois and Minnesota. Upon completion of the transaction, Marcus Theatres will increase its number of screens by 29 percent, operating 885 screens at 68 locations in eight states.<\/p>\n<p>\u201cAcquisitions are an important component of our growth strategy and we are pleased to add the Wehrenberg Theatres locations to our circuit. The acquisition demonstrates our continued confidence in our theatre business. It will expand our presence in Iowa, Illinois and Minnesota and extends our footprint into Missouri,\u201d Gregory Marcus, president &amp; chief executive officer of The Marcus Corporation, said in prepared statements. \u201cWe anticipate a smooth integration of Wehrenberg Theatres into our circuit and expect the acquisition will be accretive to both earnings and cash flow.\u201d<\/p>\n<p>The 14 Wehrenberg Theatres locations include nine in the Greater St. Louis area. In conjunction with the acquisition, Marcus Theatres will acquire the underlying real estate for six of the theatre locations, as well as Ronnie\u2019s Plaza, an 84,000-square-foot retail center located at 5320 S. Lindbergh Blvd. in St. Louis.<\/p>\n<p>Marcus Theatres was assisted in the transaction by Peter Solomon Company, while advisors for Wehrenberg Theatres were The Fortune Group. The transaction is targeted for completion in December 2016, subject to customary closing conditions, consents and approvals.<\/p>\n<p><em>Image courtesy of Marcus Theatre <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marcus Theatres will increase its number of screens by 29 percent, operating 885 screens at 68 locations in eight states.<\/p>\n","protected":false},"author":2518,"featured_media":1004159770,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,13,21752,21742,1611],"tags":[],"class_list":["post-1004159768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-midwest","category-mixed-use","category-latest","category-st-louis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Marcus Theatres Acquires Wehrenberg Theatres in St. Louis-Area - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/marcus-theatres-acquires-wehrenberg-theatres-in-st-louis-area\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marcus Theatres Acquires Wehrenberg Theatres in St. Louis-Area\" \/>\n<meta property=\"og:description\" content=\"Marcus Theatres will increase its number of screens by 29 percent, operating 885 screens at 68 locations in eight states.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/marcus-theatres-acquires-wehrenberg-theatres-in-st-louis-area\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-11-23T23:31:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T01:55:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Marcus-Cineva.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"535\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Adina Marcut\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/marcus-theatres-acquires-wehrenberg-theatres-in-st-louis-area\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/marcus-theatres-acquires-wehrenberg-theatres-in-st-louis-area\\\/\"},\"author\":{\"name\":\"Adina Marcut\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/3373a7a57df47d560f02395793cecf2d\"},\"headline\":\"Marcus Theatres Acquires Wehrenberg Theatres in St. Louis-Area\",\"datePublished\":\"2016-11-23T23:31:04+00:00\",\"dateModified\":\"2022-03-04T01:55:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/marcus-theatres-acquires-wehrenberg-theatres-in-st-louis-area\\\/\"},\"wordCount\":260,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/marcus-theatres-acquires-wehrenberg-theatres-in-st-louis-area\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/11\\\/Marcus-Cineva.png\",\"articleSection\":[\"Deals\",\"Midwest\",\"Mixed Use\",\"News\",\"St. Louis\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/marcus-theatres-acquires-wehrenberg-theatres-in-st-louis-area\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/marcus-theatres-acquires-wehrenberg-theatres-in-st-louis-area\\\/\",\"name\":\"Marcus Theatres Acquires Wehrenberg Theatres in St. Louis-Area - 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