AMC Theatres (AMC), a leading theatrical exhibition and entertainment company, announced today the location of its new company headquarters, which will remain in the Kansas City metro area at the Park Place development in Leawood.
AMC's world headquarters will be the largest office tenant for Park Place, a 1.2 million square-foot mixed-use project with an impressive mix of national and local retail and restaurant tenants, in addition to approximately 180 planned luxury residences. AMC will be housed in an architecturally significant office building that will be home to the company's approximately 450 associates, contractors and subcontractors.
“We realized last year AMC needed more office space and a number of features which our current location couldn’t provide,” said Gerry Lopez, chief executive officer and president at AMC Theatres. “A move was inevitable. We looked at alternatives all over the country, but in the end the KC Metro is our home, and we opted to stay here.”
The company had several criteria in locating a new office site, such as accessibility, available amenities nearby, economics and building quality.
“We are thrilled about the opportunity at Park Place because it allows us to significantly upgrade and properly size our headquarters,” said Mark McDonald, executive vice president, global development at AMC and one of several executives involved with site selection. “This new building will provide associates with state-of-the-art space in an excellent community and ultimately, create a special environment where we can work on the magic of the movie business.”
“AMC searched for the ideal location for their global headquarters, both within and beyond our metropolitan region,” said Leawood Mayor Peggy Dunn. “The City Council and I are extremely pleased that they have made the decision to invest in our community.”
“AMC Theatres has been a valued member of the Leawood business community for many years, and is a Charter member of the Leawood Chamber of Commerce,” said Kevin Jeffries, Leawood Chamber president and CEO. “We are delighted to welcome their world headquarters to one of the most exciting and vibrant areas in the Kansas City region.”
Another key factor in the search was proximity to an existing AMC theatre or the ability to build a theatre at the headquarters. Park Place is located just north of AMC Town Center 20 and AMC was able to modify its existing lease agreement for AMC Town Center 20 with Entertainment Properties Trust. The deal will extend the theatre’s home at Town Center in Leawood for another 10 years.
“Since we opened AMC Mainstreet 6 in May 2009, we have seen many benefits of having a theatre close to our home office,” said Lopez. “Being able to walk to dining, shopping and other entertainment destinations is something we enjoy at our current location and was another consideration for us in selecting Park Place, as the development itself and surrounding area provides all that in spades.”
Jeff Alpert, co-developer of Park Place, said, “AMC’s decision to relocate to Park Place further confirms our emergence as one of the region's leading mixed-use developments. The combination of location, accessibility and amenities has made us an attractive option for a wide variety of commercial and retail tenants.”
AMC and Park Place are finalizing lease and development details. Groundbreaking will occur this September and the anticipated move date is spring 2013.
“We are excited to welcome AMC to Leawood and pleased the company will be keeping its headquarters and jobs in the Kansas City metro area,” said Kansas Gov. Sam Brownback. “We were competing with states around the country. AMC has a long tradition of supporting the entire metro area, and we look forward to that continuing for many years to come.”
“We are grateful for the considerable amount of support the various teams from state of Kansas and the city of Leawood have provided to us throughout this process,” said Lopez. “Both organizations vested much effort at every step and we sincerely appreciate the assistance.”
AMC has played an instrumental role in the revitalization of downtown Kansas City through its interests in development of the Kansas City Power & Light District. The company’s worldwide headquarters have been in the heart of downtown for more than 40 years, originally behind the Midland by AMC building and then in the Kansas City Power & Light building at 14th Street.
“For many years, we have invested significant dollars and sweat equity in a vibrant downtown core. Although our home office moves, that commitment remains.” said Lopez. “We are appreciative of the efforts the city of Kansas City, Mo. made to retain us and we intend to maintain our commitment and contribution in downtown and beyond. For us, moving the home office is bittersweet, but we are excited to turn a new page in AMC’s history with a modern and innovative office building.”
About AMC Entertainment Inc.
AMC Entertainment Inc. delivers distinctive and affordable movie-going experiences in 360 theatres with 5,128 screens across the United States and Canada. The company operates 24 of the 50 highest grossing theatres in the country, including the top three. AMC has propelled industry innovation and continues today by delivering premium sight and sound, enhanced food and beverage and diverse content. For more info, go to www.AMCTheatres.com.