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inmarc Management, a Bethesda‑based commercial real‑estate firm, announced on November 21 that it has purchased Cinemark Centreville (6201 Multiplex Drive) and Xscape Theatres (7710 Matapeake Business Drive) in Prince George’s County for a total of $15.1 million. Principal Neil Markus said the two venues will stay open while the company works to stabilize the properties and implement new management practices to boost efficiency.
Markus highlighted that both sites are “institutional‑quality” assets in high‑growth suburban infill areas, leased to top national theater operators. He noted the locations sit in robust retail corridors and offer long‑term value‑add potential based on strong demographic fundamentals. Finmarc, which also develops, invests in, and manages commercial real estate, did not rule out future tenant changes or redevelopment. “All options are on the table,” a Finmarc spokesperson said, adding that the firm is monitoring the movie industry’s health while exploring alternative uses.
The Centreville theater, built in 1993 by National Amusements, was one of 35 Redstone family locations sold to Rave Cinemas in December 2009 for $5.3 million. After Rave’s acquisition in 2013, Cinemark rebranded the venue as Centreville 12. The 12‑screen complex covers 72,821 sq ft on 12.5 acres just off Route 28, adjacent to Centre Ridge Marketplace. The site is zoned commercial but the Fairfax County Comprehensive Plan targets 16–20 residential units per acre in the Centreville Suburban Center, allowing complementary uses such as a movie theater or child‑care center.
Finmarc’s purchase follows recent acquisitions of the Dulles Corner and Trinity Centre office parks along Route 28. Markus emphasized the firm’s commitment to acquiring under‑performing, value‑add institutional assets in the coming year, backed by ready capital and a strong closing track record.
Fairfax County has been reviewing updates to its Centreville comprehensive plan since March 2024. Staff will present proposed changes at an open house on December 4, 5–8 p.m., at the Centreville Regional Library.
