News
BISNOW EXCLUSIVE: GORILLA TANGO BUYS SKOKIE THEATRE
March 29, 2012
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| Only last year, the 1912 Skokie Theatre found itself on lists like "Most endangered Chicago-area historic structures," but no more. Chicago theater company Gorilla Tango (with that name taken, now what'll we name out child?) has bought the 148-seat property for a mere $420,000 from First American Bank, which had foreclosed on it. @properties' senior commercial specialist Mike Levin repped the seller (with Baird & Warner's Ray Speare on the other side of the table) and tells us it was a bargain, considering that the previous owners spent $1.5 million upgrading the place, adding new lights and sound systems and other theater-y gizmos. Gorilla Tango plans to replicate the success it's had in Chicago by emphasizing productions that make money. (As fun as it is to do abstract shows where everyone yells at mirrors and throws paint everywhere, it's really no substitute for a good ol' production of Ragtime.) | ||
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