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Vaudeville Managers Ex pect to Retain House For Ten Years. Those in Atlanta who have been watching with interest the rapid changes and surprising developments in theatrical circles are now speculating as to what will be the outcome of the purchase of the Orpheum Theater prop erty from Asa G. Candler by the At lanta Theater Company, of which Jake Wells is president and Henry L. De Gliver treasurer and manager. According to Mr. DeGive, the pur chase of the property was purely an Investment. Weber Rush have a ten- year lease on the Orpheum Theater which, it is said, can be affected by the transfer of the property from one party to another. * @ report that the Atlanta Thea ter Company pes the Orpheum property,” said Mr. DeGive Tuesday morning, corect, Weber Rush have @ ten-year lease on the property. The statement that we paid $100,000 to Mr. Candler, is purely a guess, I Pare We have not said what we paid.” Ben Kahn, resident manager of the Orpheum, stated Tuesday morning that Weber Rush have a ten-year lease on the theater, which will not be af fected by the change of ownership. Mr. Candler purchased the Orpheum site, fronting 66 23 feet on Marietta st. and running back a distance of 200 feet to the Seaboard Air Line tracks, from J. B. Thompson for $80,000 about two weeks ago, “ The purchase of the site from Mr. Candler was made by W. G. Neal, of Richmond, a member of the Atlanta Theater Comy, after,a conference with Mr. DeGive and a conversation prom long distance ‘phone with Mr. Wells. The Atlanta Theater Company now owns or controls twenty-seven thea ters.In the South, including three just constructed. In addition, the company is just beginning the foundation work on the new Bijou of a crate at James and Conests, the cost of which will be about 380,000. Fitshugh Knox, real estate agent, said Monday morning: “We cloped the deal for the Orpheum late Monday evening, the price being $100,000. It was agreed that nothing should be said about it, but it seems that someone has won it out. I bought the property for Mr. Candler two weeks ago for $80,000 and have sola a for $100,000, a clear profit of “Enough cash has been paid down to absoutely, close the deal Already I have had inquiries with a view to re selling it. The theater brings in a ara o of $8,000 per year, 6 per cent on “This is but an evidence of improv ing conditions in the real estate market, I have other deals on hand which when coemeriaated will prove of Iimpor ance.” Read G Want Ads. toda play for thing wan OF used to the fe sunay auth.”
Newspaper Details
Atlanta Georgian and News
Atlanta, Georgia, US
Tue, Mar 10, 1908
Page 28
Full Page
Clipped by
Todd D.
USA 25 Jul 2026
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