Grandscape to Add Massive 16-Screen Movie Complex

(BRK.A), (BRK.B)

The old saying is that everything’s bigger in Texas, and that sure applies to Berkshire Hathaway’s Grandscape commercial real estate development.

Grandscape, Berkshire giant mixed-use real estate development in The Colony, Texas, continues to fill out its tenants and will add an 85,000+ sf, 16-screen movie venue. The entertainment center is projected to open in the spring of 2019.

The movie complex will be owned and operated by Galaxy Theatres, LLC, a fully integrated movie theatre company. Galaxy Theatres is privately owned, and is in the top 10% ranked by size of its industry according to the National Theatre Association. It currently has theatres in California, Nevada, Texas and Washington.

Located in the Dallas/Fort Worth area, Grandscape is being developed by Berkshire’s Nebraska Furniture Mart, and is home to its 1.86 million square foot store, which opened in 2015.

When fully developed, Grandscape will cover 400+ acres with 3.9 million square feet of retail, entertainment, dining, hospitality, office and attractions.

© 2017 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.