iPic Theaters obtained a $1.5 million loan to build out its new movie theater in North Miami Beach’s Intracoastal Mall.
The Boca Raton-based upscale, dine-in theater chain is building an eight-screen, 40,000-square-foot facility that should open this fall. It signed a lease there with Dezer Development in 2014.
The leasehold mortgage was granted to iPic and CEO Hamid Hashemni by the Teachers’ Retirement System of Alabama and the Employees’ Retirement System of Alabama. Those same lenders…
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