Shopping Center Business

MAY 2016

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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KERASOTES 240 • SHOPPING CENTER BUSINESS • May 2016 reserved seating and age restrictive poli- cies to go along with the more adult, bar setting." The latest theaters by Kerasotes also contain recliner seating. "We're in the process of doing some remodeling work at our Chicago theater," says Kerasotes. "We've completed installing recliners in our VIP rooms, and we've got eight other screens that we've revamped for recliners, which will be finished by the beginning of May." Kerasotes believes the success of their latest iteration can sometimes be attribut- ed to the landlord's preference for an up- scale theater without a heavy restaurant component. "There are landlords who really aren't looking for a restaurant," says Tony Kerasotes. "While they do have their place in the exhibition universe, some of our competitors are essentially restau- rants — they have limited seating and they generate their revenue from food and beverage. They don't generate the kind of traffic that a regular theater, like an ICON would." ShowPlace ICON will open as part of Merlone Geier Partners' The Village at San Antonio Center in Mountain View, California. Please contact: Tim Lowe | The Staenberg Group Phone: 314.513.0018 2127 Innerbelt Business Center Drive | Suite 310 | Saint Louis, Missouri | 63114 www.tsgproperties.com CURRENTLY SEEKING DEVELOPMENT OPPORTUNITIES IN: TSG is an opportunistic, progressive, full-service shopping center owner who develops, leases and manages shopping centers throughout the United States. For more information, please visit us at www. tsgproperties.com DESIGN. DEVELOP. DELIVER. The Staenberg Group Headquarters St. Louis, Mo . ARKANSAS COLORADO ILLINOIS INDIANA IOWA KANSAS KENTUCKY MISSOURI NEBRASKA OHIO OKLAHOMA PENNSYLVANIA SOUTH DAKOTA TENNESSEE WEST VIRGINIA

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