Dickson, Tenn.-based Gatlin Development Co. recently purchased the 16,500-square-foot former Marcus Theatres move theater building at N88 W15353 Main St., Menomonee Falls, from Falls Festival Corp. LLC for $360,000.
The deal was brokered by Ted Klumb of Equity Commercial Real Estate LLC who represented the seller. Paul Povlick of CB Richard Ellis and Yoni Zvi represented Gatlin.
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The theater, built in 1970, closed several years ago, Klumb said.
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Gatlin is acquiring the building and several other properties to assemble a site to develop a Walmart store.
