Amazon Acquires Revere Theater In MA From National Amusements For $49.8M

Located at 565 Squire Road in Revere, MA, this theater was recently sold in a transaction that took place on May 25, 2021. The asset spans a total of 102,000 square feet and has a sale price of $49,800,000, resulting in a price per square foot of $488.

Summary of transaction details:

• Property Type: Theater
• Transaction Amount: $49,800,000
• Seller: National Amusements - Shari Redstone & Brent Redstone
• Buyer: Amazon - Jeff Bezos
• Address: 565 Squire Road, Revere, MA
• Market: Revere, MA

Leading the sale was National Amusements, represented by Shari Redstone & Brent Redstone as the sellers. The buyer of this theater is Amazon, with Jeff Bezos as the representative. This transaction showcases the involvement of prominent individuals and noteworthy companies in the real estate market.