Century Theatres to Open 10-Screen Complex at The Dunes on Monterey Bay

Online, March 14, 2012 (Newswire.com) - Shea Properties and Cinemark Holdings, Inc., parent company of Century Theatres, announced today a deal that will bring a state-of-the-art, 10-screen, digital cinema to the Dunes on Monterey Bay Shopping center in the City of Marina at Highway 1 and Imjin Parkway. The theater will kick off phase two of The Dunes on Monterey Bay that will also include specialty retail space and restaurant pads for lease. The second phase, called 10th Street, will eventually become the heart of the master-planned community with a village square that connects to the beach, neighborhood parks, and surrounding homes and retail.

For Marina Community Partners who oversees the master-planned community, the addition of Century Theatres is an important next step in its retail expansion as it furthers the goal of making Marina an entertainment destination for the Peninsula.

The new 35,000 square foot Century Theatres will open in 2013, seat 1,650 moviegoers, and feature the company's XD (Extreme Digital) technology in one of the 10 screening rooms. The Cinemark XD entertainment environment features an oversize, wall-to-wall and ceiling-to-floor screen, brand new plush seating, a custom JBL sound system featuring crisp, clear digital sound, and the brightest digital images delivered by a Doremi server and a Barco digital projector.

Phase one of The Dunes on Monterey Bay is an existing 375,000 square foot regional center anchored by Target with Kohl's, REI, Best Buy, Old Navy, Michael's and Bed Bath & Beyond rounding things out. Famous Footwear was recently added to the center and will open to the public on March 14th, with its official grand opening on the 24th.

For leasing opportunities, please call 831.886.7800.
Site plan and renderings are attached or available upon request.

About Cinemark Holdings, Inc.
Cinemark is a leading domestic and international motion picture exhibitor, operating
456 theatres with 5,152 screens in 39 U.S. states, Brazil, Mexico and 11 other Latin American countries as of December 31, 2011. For more information, visit www.cinemark.com.
About Shea Properties
Shea Properties, headquartered in Aliso Viejo, California is a diversified real estate company responsible for the acquisition, design, development, construction and management of business parks, shopping centers, apartment communities and mixed-use environments. Since beginning operations in 1969, annual revenues have grown steadily to more that $200 million, while overall value of the portfolio has grown from $150 million to more than $2.25 billion. Shea Properties owns and operates approximately 6,300 apartment units and 6 million square feet of office, industrial and retail space in California, Colorado and Arizona. For more information, visit www.sheaproperties.com.