Regency Theatres is moving into The Plant 16 Cinemas in Van Nuys, replacing the Mann Theatres. The Regency Theatres signed a 10-year lease for 72,200 square feet of space at The Plant, a 367,000-square-foot retail center, according to real estate investment company Decron Properties. The center is located at 7888 Van Nuys Blvd. The new site marks Regency’s third San Fernando Valley location. “With its nearby Granada Hills location, Regency can leverage promotion and offer more diverse film product offerings in the marketplace,” said Regency Theatres President Lyndon Golin. New amenities will include motion seating, additional 3D screens and films available in Spanish subtitles, Golin said. Daniel Nagel, associate commercial leasing director for Decron Properties, said the deal shows The Plant’s superior position within the area. “It is not often that a shopping center loses a 72,200 anchor and is able to replace the tenant without closing the operations even for one day of business,” Nagel said. — Jessica Vernabe
