CNL buys Pacific Park for $34 million

Posted Friday, January 7, 2011 12:37 PM | Contributed by Jeff

Pacific Park has been acquired for $34 million by a Florida real estate trust. CNL Lifestyle Properties Inc. said Thursday that it bought Pacific Park and a ground lease for the two-acre property from Santa Monica Amusements, a group of investors who built the park and opened the first phase in 1996. The park will continue to be run by Santa Monica Amusements, which operates Pacific Park as a tenant.

Read more from The LA Times.

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