INDIANAPOLIS, Feb 23, 2004 /PRNewswire-FirstCall via COMTEX/ -- Simon Property Group, Inc.
(NYSE: SPG) announced today that Kerasotes Theatres is coming to Muncie Plaza.
Kerasotes will build a 12-screen movie complex, a ShowPlace 12. Construction
on the new theatre, which will occupy 43,000 square feet, is scheduled to
commence this summer and be complete in the summer of 2005.
"We're very pleased to have Kerasotes come to Muncie Plaza," said Scott
Richardson, development director at Simon Property Group. "We think that they
will be a terrific entertainment addition for our many Muncie-area customers."
Some of the ShowPlace 12 features include:
* Stadium seating providing unobstructed viewing for more than 2,000
patrons.
- Luxurious high back chairs with cupholder armrests.
- Wall to wall curved screens for maximum clarity.
- Dolby Digital Sound Systems in every auditorium.
- State of the art projection systems for brighter and sharper pictures.
- Spacious, modern lobby with arcade.
- Large, efficient concession stands.
"Our Muncie-area patrons will enjoy stadium seating, digital sound and
great service at our new ShowPlace 12," according to Tony Kerasotes, president
of Kerasotes ShowPlace Theatres, LLC.
Kerasotes Theatres is a family owned company founded in 1909. It
currently operates 76 theatres with 544 screens in the Midwest.
Simon Property Group, Inc. (NYSE: SPG), headquartered in Indianapolis,
Indiana, is a real estate investment trust engaged in the ownership and
management of income-producing properties, primarily regional malls and
community shopping centers. Through its subsidiary partnerships, it currently
owns or has an interest in 247 properties containing an aggregate of 191
million square feet of gross leasable area in 37 states, as well as ownership
interests in other real estate assets in North America. The Company holds
interests in 47 assets in Europe (in France, Italy, Poland and Portugal).
Additional Simon Property Group information is available at www.simon.com .
SOURCE Simon Property Group, Inc.
Les Morris of Simon Property Group, +1-317-263-7711
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