By Kenneth Jones
05 Dec 2012
The Jones Lang LaSalle firm is working with Live Nation Entertainment on the sale of "100 percent controlling leasehold interest" in the Foxwoods Theatre, the cavernous 83,706-square-foot legit theatre in the heart of New York's Times Square Theatre District. The four-story theatre has entrances at 213 W. 42nd Street and 214 W. 43rd Street.
With the sale comes the ability for a new owner to change the name of the 1,932-seat venue, which is a mid-1990s construction that conflated two historic Broadway houses/facades — the Lyric (1903) and Apollo (1920) — into Broadway's largest theatre. Its first marquee name at the time of the 1998 reopening was Ford Center for the Performing Arts; the massive musical Ragtime was the opening show there.
It was later called the Hilton Theatre. In 2010, it became Foxwoods Theatre. Built for large-scale, splashy musicals, its tenants have included Chitty Chitty Bang Bang, Mel Brooks' Young Frankenstein, the 2001 revival of 42nd Street and the 2000 revival of Jesus Christ Superstar, among other shows.
Foxwoods Worldwide's naming-rights expires on May 31, 2013, according to the executive summary distributed by Jones Lang LaSalle to a select group of "qualified investors." Playbill obtained a copy of the summary from an executive in the Broadway community.
Any sale is not expected to disrupt the life of Spider-Man: Turn Off the Dark, which is "expected to continue its robust performances for many years to come," according to the firm. The new owner would assume the license agreement for the show.
Offers will be accepted on a date to be determined.