12 Sep 2017
United Development Company Sells Larchmont Playhouse Theatre in Larchmont, NY
Southlake, Texas – September 8, 2017 – United Development Company of Southlake Texas recently sold their Larchmont Playhouse Theatre located at 1975 Palmer Avenue in the Village of Larchmont, NY. The theatre, located 45 minutes northeast of Midtown Manhattan, was built in 1930 and is located in the historic Downtown Village of Larchmont, which is a blend of historic buildings and new retailers. United Development Company acquired the site in 2015. The buyer plans to operate a Premiere “Lux” Cinema in the theater. Barry Synnott, Coldwell Banker Commercial NRT, was the selling broker.
United Development Company, through its investment platforms, has managed more than $500 million of real estate investments over the last 15 years. Utilizing its wealth of both capital and real estate expertise, United Development is aggressively pursuing retail and medical real estate investments in the United States.
For Media Information – Interviews:
Biff McGuire, C.E.O., United Development Company